Park Lawn (TSE:PLC) Given New C$24.00 Price Target at Acumen Capital

Park Lawn (TSE:PLC) had its target price lowered by Acumen Capital from C$28.00 to C$24.00 in a research report sent to investors on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also commented on PLC. Stifel Nicolaus dropped their target price on Park Lawn from C$32.00 to C$30.00 and set a buy rating on the stock in a report on Thursday, October 19th. National Bankshares cut their price target on shares of Park Lawn from C$31.00 to C$22.00 and set an outperform rating on the stock in a research note on Wednesday, November 8th. Royal Bank of Canada cut their price target on shares of Park Lawn from C$33.00 to C$27.00 and set an outperform rating on the stock in a research note on Thursday, November 9th. Scotiabank cut their price target on shares of Park Lawn from C$33.50 to C$28.00 and set an outperform rating on the stock in a research note on Tuesday, October 3rd. Finally, CIBC cut their price target on shares of Park Lawn from C$23.50 to C$20.00 and set a neutral rating on the stock in a research note on Monday. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Park Lawn currently has an average rating of Moderate Buy and an average price target of C$24.13.

Park Lawn Stock Performance

TSE:PLC opened at C$15.86 on Monday. The firm has a market capitalization of C$543.52 million, a PE ratio of 20.87, a price-to-earnings-growth ratio of 14.67 and a beta of 1.17. The business’s fifty day moving average price is C$18.67 and its 200 day moving average price is C$22.13. The company has a debt-to-equity ratio of 48.79, a current ratio of 1.92 and a quick ratio of 1.78. Park Lawn has a 12 month low of C$15.85 and a 12 month high of C$29.15.

Park Lawn Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a $0.114 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.46 annualized dividend and a yield of 2.88%. Park Lawn’s dividend payout ratio (DPR) is 60.53%.

Park Lawn Company Profile

Park Lawn Corporation, together with its subsidiaries, owns and operates cemeteries, crematoriums, and funeral homes in Canada and the United States. The company primarily offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral, after life celebration, cemetery, and cremation services.