Today, an analyst has provided a rating update for the Utilities sector company, Park Lawn (TSX: PLC). Analyst Raveel Afzaal from Canaccord Genuity rated Park Lawn (TSX: PLC) a Buy, setting a C$29.50 price target.
Afzaal observed:
“We model organic growth rate of 2.5% to derive our estimates which compares with the market growth rate of 1-2%.”
Afzaal has an average return of 5.3% when recommending Park Lawn.
According to TipRanks.com, Afzaal is ranked #2652 out of 4857 analysts.
Currently, the analyst consensus on Park Lawn is a Moderate Buy with an average price target of C$29.75.
The company has a one-year high of C$27.48 and a one-year low of C$17.75. Currently, Park Lawn has an average volume of 41.81K.
Park Lawn Corp. engages in the provision of cemetery, cremation and funeral services business. It offers flowers, monuments, casketing, cosmetology and lead vehicles. The company was founded on July 12, 2006 and is headquartered in Toronto, Canada.
The company’s shares closed on Wednesday at C$27.15, close to its 52-week high of C$27.48.
