Park Lawn (TSE:PLC) Price Target Raised to C$31.00

Park Lawn (TSE:PLC) had its price target lifted by analysts at Canaccord Genuity from C$30.00 to C$31.00 in a research note issued on Wednesday, BayStreet.CA reports. Canaccord Genuity’s price objective indicates a potential upside of 12.77% from the company’s previous close.

PLC has been the subject of a number of other research reports. TD Securities increased their target price on shares of Park Lawn from C$31.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. National Bank Financial reduced their target price on Park Lawn from C$33.00 to C$31.50 and set an “outperform” rating for the company in a research note on Wednesday. Raymond James set a C$32.00 target price on Park Lawn and gave the company a “strong-buy” rating in a research note on Thursday, May 23rd. GMP Securities reiterated an “average” rating and set a C$36.00 target price on shares of Park Lawn in a research note on Monday, May 13th. Finally, CIBC increased their target price on Park Lawn from C$30.00 to C$32.00 in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Park Lawn presently has an average rating of “Buy” and an average target price of C$32.29.

Shares of Park Lawn stock traded down C$0.54 on Wednesday, hitting C$27.49. The company’s stock had a trading volume of 58,268 shares, compared to its average volume of 80,425. Park Lawn has a 52-week low of C$20.25 and a 52-week high of C$29.94. The company has a quick ratio of 2.02, a current ratio of 2.56 and a debt-to-equity ratio of 25.24. The business has a fifty day moving average of C$28.19. The stock has a market cap of $792.94 million and a P/E ratio of 74.07.

Park Lawn (TSE:PLC) last released its earnings results on Tuesday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$0.22. The firm had revenue of C$50.15 million during the quarter, compared to analysts’ expectations of C$51.08 million. As a group, analysts expect that Park Lawn will post 1.23 earnings per share 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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