Scotiabank Trims Park Lawn (TSE:PLC) Target Price to C$42.00

Park Lawn (TSE:PLC – Get Rating) had its price target lowered by Scotiabank from C$43.00 to C$42.00 in a research note published on Monday, BayStreet.CA reports.

Several other brokerages have also commented on PLC. Royal Bank of Canada increased their price objective on Park Lawn from C$53.00 to C$54.00 and gave the company an outperform rating in a report on Tuesday, May 3rd. CIBC reduced their target price on Park Lawn from C$48.00 to C$43.00 and set an outperform rating for the company in a research note on Monday, March 7th. National Bankshares reduced their target price on Park Lawn from C$45.50 to C$45.00 and set an outperform rating for the company in a research note on Friday, March 4th. Finally, Raymond James set a C$52.00 target price on Park Lawn and gave the stock a strong-buy rating in a research note on Monday, March 7th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of C$46.69.

Shares of TSE PLC opened at C$33.92 on Monday. The company has a current ratio of 2.15, a quick ratio of 1.82 and a debt-to-equity ratio of 30.83. The stock has a market capitalization of C$1.15 billion and a PE ratio of 29.52. The stock’s fifty day simple moving average is C$33.66 and its two-hundred day simple moving average is C$35.69. Park Lawn has a 12-month low of C$31.05 and a 12-month high of C$42.13.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.114 per share. The ex-dividend date is Wednesday, June 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.34%. Park Lawn’s payout ratio is currently 39.69%.

About Park Lawn (Get Rating)

Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services 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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