Park Lawn (TSE:PLC) had its target price raised by equities research analysts at CIBC from C$37.00 to C$39.00 in a report released on Monday, BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 15.56% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the stock. National Bank Financial lifted their price target on shares of Park Lawn from C$33.50 to C$40.00 and gave the company an “outperform” rating in a research report on Tuesday, March 2nd. TD Securities lifted their price target on shares of Park Lawn from C$34.00 to C$38.00 and gave the company a “buy” rating in a research report on Thursday, April 1st. Cormark lifted their price target on shares of Park Lawn from C$35.00 to C$37.50 and gave the company a “strong-buy” rating in a research report on Thursday, April 1st. Royal Bank of Canada raised their price objective on shares of Park Lawn from C$39.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Scotiabank raised their price objective on shares of Park Lawn from C$33.00 to C$38.00 in a research note on Thursday, April 1st. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$38.28.
TSE:PLC traded up C$0.24 during mid-day trading on Monday, reaching C$33.75. The stock had a trading volume of 47,734 shares, compared to its average volume of 81,045. The company has a debt-to-equity ratio of 47.44, a quick ratio of 1.53 and a current ratio of 1.99. The firm has a market capitalization of C$997.82 million and a price-to-earnings ratio of 52.97. Park Lawn has a twelve month low of C$20.83 and a twelve month high of C$35.60. The business has a 50 day simple moving average of C$33.66 and a 200 day simple moving average of C$30.54.
About Park Lawn
Park Lawn Corporation, together with its subsidiaries, provides funeral, cremation, and cemetery services in Canada and the United States. The company owns and operates 123 cemeteries, 40 crematoriums, and 116 funeral homes. It primarily 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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