Park Lawn Co. (TSE:PLC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Park Lawn Co. (TSE:PLC) have been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$23.13.

PLC has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on Park Lawn from C$30.00 to C$22.00 and set a “buy” rating for the company in a research note on Monday, November 13th. CIBC boosted their target price on shares of Park Lawn from C$20.00 to C$21.00 and gave the stock a “neutral” rating in a research report on Monday. Acumen Capital cut their target price on Park Lawn from C$28.00 to C$24.00 and set a “buy” rating for the company in a research note on Monday, November 13th. Stifel Nicolaus set a C$22.00 price objective on shares of Park Lawn and gave the company a “buy” rating in a research note on Tuesday, November 21st. Finally, Cormark reduced their price objective on shares of Park Lawn from C$27.00 to C$24.00 in a report on Monday, November 13th.

Insider Buying and Selling at Park Lawn

In related news, Director Deborah Wallis Robinson acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was acquired at an average cost of C$19.13 per share, with a total value of C$38,260.00. Insiders own 0.42% of the company’s stock.

Park Lawn Stock Performance

Shares of PLC stock traded down C$0.55 during trading on Monday, reaching C$18.48. The company had a trading volume of 28,931 shares, compared to its average volume of 74,635. The company has a market capitalization of C$634.42 million, a PE ratio of 27.98, a PEG ratio of 14.67 and a beta of 1.23. The company has a debt-to-equity ratio of 51.67, a current ratio of 1.49 and a quick ratio of 1.78. The firm’s 50 day simple moving average is C$19.52 and its two-hundred day simple moving average is C$19.02. Park Lawn has a one year low of C$15.67 and a one year high of C$29.15.

Park Lawn Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were given a dividend of $0.114 per share. This represents a $0.46 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, December 28th. Park Lawn’s dividend payout ratio is 69.70%.

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.