Analysts Set Park Lawn Corp (TSE:PLC) Price Target at C$34.00

Shares of Park Lawn Corp (TSE:PLC) have earned a consensus rating of “Buy” from the seven analysts that are presently covering the company, reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$34.00.

PLC has been the topic of a number of recent research reports. TD Securities lifted their price objective on shares of Park Lawn from C$34.00 to C$35.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. CIBC upgraded shares of Park Lawn from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$30.00 to C$34.00 in a research note on Friday, January 3rd. Raymond James restated an “outperform” rating and issued a C$35.00 price objective on shares of Park Lawn in a research note on Monday, January 6th. Finally, National Bank Financial lifted their price objective on shares of Park Lawn from C$33.00 to C$34.50 and gave the company an “outperform” rating in a research note on Friday, January 3rd.

TSE PLC opened at C$29.90 on Friday. The company has a debt-to-equity ratio of 27.29, a quick ratio of 1.90 and a current ratio of 2.31. The firm has a market cap of $884.09 million and a PE ratio of 92.57. Park Lawn has a one year low of C$23.16 and a one year high of C$31.50. The firm’s fifty day moving average is C$29.82 and its two-hundred day moving average is C$28.21.

Park Lawn (TSE:PLC) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.22 EPS for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.01). The business had revenue of C$66.58 million for the quarter, compared to the consensus estimate of C$67.17 million. Research analysts predict that Park Lawn will post 0.8200001 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.038 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.46 dividend on an annualized basis and a yield of 1.53%. Park Lawn’s dividend payout ratio is presently 141.18%.

About Park Lawn

Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America. The company owns and operates cemeteries, crematoriums, and funeral homes. It also offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services.

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Analyst Recommendations for Park Lawn (TSE:PLC)

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