CIBC Cuts Park Lawn (TSE:PLC) Price Target to C$30.00

Park Lawn (TSE:PLC) had its target price reduced by research analysts at CIBC from C$32.00 to C$30.00 in a research note issued on Wednesday, BayStreet.CA reports. CIBC’s target price indicates a potential upside of 9.13% from the stock’s current price.

A number of other analysts have also commented on PLC. TD Securities boosted their price objective on Park Lawn from C$31.00 to C$33.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. GMP Securities reaffirmed an “average” rating and set a C$36.00 target price on shares of Park Lawn in a research note on Monday, May 13th. Raymond James set a C$32.00 target price on shares of Park Lawn and gave the company a “strong-buy” rating in a research note on Thursday, May 23rd. National Bank Financial reduced their price target on shares of Park Lawn from C$33.00 to C$31.50 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Canaccord Genuity raised their price target on shares of Park Lawn from C$30.00 to C$31.00 in a research report on Wednesday. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$32.29.

Park Lawn stock traded down C$0.54 during midday trading on Wednesday, reaching C$27.49. The stock had a trading volume of 58,268 shares, compared to its average volume of 80,425. Park Lawn has a 12 month low of C$20.25 and a 12 month high of C$29.94. The company has a market cap of $792.94 million and a P/E ratio of 74.07. The business has a fifty day moving average price of C$28.19. The company has a debt-to-equity ratio of 25.24, a current ratio of 2.56 and a quick ratio of 2.02.

Park Lawn (TSE:PLC) last issued its earnings results on Tuesday, May 14th. The company reported C$0.22 EPS for the quarter, meeting analysts’ consensus estimates of C$0.22. The firm had revenue of C$50.15 million during the quarter, compared to the consensus estimate of C$51.08 million. On average, equities analysts expect that Park Lawn will post 1.23 EPS for the current year.

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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