Park Lawn (PLC) Hits New 12-Month High at $28.16
Park Lawn Corp (TSE:PLC) reached a new 52-week high during trading on Tuesday . The company traded as high as C$28.16 and last traded at C$28.15, with a volume of 35099 shares traded. The stock had previously closed at C$27.69.
A number of brokerages have recently issued reports on PLC. National Bank Financial reissued an “outperfrom under weight” rating on shares of Park Lawn in a research report on Thursday, March 14th. Raymond James boosted their price objective on shares of Park Lawn from C$30.00 to C$32.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 16th. CIBC boosted their price objective on shares of Park Lawn from C$30.00 to C$32.00 in a research report on Thursday, May 9th. TD Securities cut their price objective on shares of Park Lawn from C$32.00 to C$31.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Finally, Cormark raised shares of Park Lawn from a “buy” rating to a “top pick” rating and boosted their price objective for the company from C$26.75 to C$32.50 in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Park Lawn has a consensus rating of “Buy” and an average price target of C$32.43.
The company has a debt-to-equity ratio of 23.98, a quick ratio of 2.23 and a current ratio of 2.85. The company has a market cap of $795.81 million and a price-to-earnings ratio of 85.20.
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Park Lawn Company Profile (TSE:PLC)
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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