Park Lawn (PLC) Reaches New 12-Month Low at $21.86
Park Lawn Corp (TSE:PLC) reached a new 52-week low during trading on Tuesday . The company traded as low as C$21.86 and last traded at C$22.11, with a volume of 27463 shares trading hands. The stock had previously closed at C$23.35.
PLC has been the subject of a number of analyst reports. National Bank Financial increased their price target on Park Lawn from C$30.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, August 15th. TD Securities reaffirmed a “buy” rating and set a C$32.00 target price on shares of Park Lawn in a research report on Friday, October 26th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$30.08.
The company has a current ratio of 2.71, a quick ratio of 2.08 and a debt-to-equity ratio of 12.86.
The firm also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be given a dividend of $0.038 per share. This represents a $0.46 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, October 30th. Park Lawn’s dividend payout ratio is presently 229.15%.
Park Lawn Company Profile (TSE:PLC)
Park Lawn Corporation, together with its subsidiaries, provides goods and services associated with the disposition and memorialization of human remains in Canada and the United States. It owns and operates cemeteries, crematoriums, and funeral homes. The company also engages in chapels, planning offices, and transfer service businesses.
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