Park Lawn (TSE:PLC) PT Lowered to C$44.00 at Royal Bank of Canada

Park Lawn (TSE:PLCGet Rating) had its price target decreased by Royal Bank of Canada from C$49.00 to C$44.00 in a research report released on Thursday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

PLC has been the subject of several other research reports. CIBC dropped their price target on shares of Park Lawn from C$40.00 to C$36.00 and set an outperform rating for the company in a research report on Tuesday, September 13th. National Bankshares dropped their price target on shares of Park Lawn from C$45.00 to C$38.00 and set an outperform rating for the company in a research report on Monday, August 15th. Cormark dropped their price target on shares of Park Lawn from C$48.75 to C$40.00 in a research report on Monday, August 15th. TD Securities dropped their price target on shares of Park Lawn from C$47.00 to C$43.00 and set a buy rating for the company in a research report on Monday, August 15th. Finally, Scotiabank dropped their price target on shares of Park Lawn from C$42.75 to C$37.00 in a research report on Monday, August 15th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Park Lawn presently has an average rating of Buy and an average price target of C$41.43.

Park Lawn Stock Performance

PLC opened at C$24.28 on Thursday. The stock has a market cap of C$827.32 million and a PE ratio of 22.69. Park Lawn has a 1 year low of C$24.19 and a 1 year high of C$42.13. The stock’s 50 day simple moving average is C$29.89 and its 200-day simple moving average is C$32.42. The company has a current ratio of 1.95, a quick ratio of 1.58 and a debt-to-equity ratio of 31.01.

Park Lawn (TSE:PLCGet Rating) last announced its quarterly earnings results on Thursday, August 11th. The company reported C$0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.41 by C($0.17). The business had revenue of C$92.82 million for the quarter, compared to analysts’ expectations of C$107.00 million. Sell-side analysts forecast that Park Lawn will post 1.7200001 EPS for the current year.

Insider Transactions at Park Lawn

In other news, Director Marilyn Anne Brophy acquired 3,450 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was bought at an average price of C$29.25 per share, with a total value of C$100,912.50. Following the completion of the acquisition, the director now owns 11,475 shares in the company, valued at approximately C$335,643.75. In related news, Director Marilyn Anne Brophy purchased 3,450 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were acquired at an average cost of C$29.25 per share, with a total value of C$100,912.50. Following the completion of the purchase, the director now directly owns 11,475 shares of the company’s stock, valued at C$335,643.75. Also, Director Deborah Wallis Robinson purchased 1,800 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were bought at an average cost of C$27.76 per share, for a total transaction of C$49,968.00. Following the completion of the purchase, the director now directly owns 20,100 shares of the company’s stock, valued at C$557,976. Over the last 90 days, insiders bought 5,395 shares of company stock valued at $155,086.

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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