Park Lawn (TSE:PLC – Free Report) had its price target trimmed by CIBC from C$23.50 to C$20.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.
A number of other equities research analysts also recently weighed in on the stock. Royal Bank of Canada reduced 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. Stifel Nicolaus reduced their price target on shares of Park Lawn from C$32.00 to C$30.00 and set a buy rating on the stock in a research note on Thursday, October 19th. National Bankshares reduced 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. Scotiabank reduced their price target on Park Lawn from C$33.50 to C$28.00 and set an outperform rating on the stock in a report on Tuesday, October 3rd. Finally, Cormark reduced their price target on Park Lawn from C$27.00 to C$24.00 in a report on Monday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$24.13.
Park Lawn Trading Down 4.5 %
Park Lawn Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a $0.114 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.46 annualized dividend and a dividend yield of 2.88%. Park Lawn’s payout ratio is 60.53%.
About Park Lawn
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.
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