Park Lawn (TSX: PLC), the Utilities sector company, has received a rating update from a Wall Street analyst on August 15. Analyst Stephen Harris from GMP FirstEnergy reiterated a Buy rating, with a C$28.50 price target on August 15.
Harris has an average return of 18.8% when recommending Park Lawn.
According to TipRanks.com, Harris is ranked #687 out of 4847 analysts.
Currently, the analyst consensus on Park Lawn is a Strong Buy with an average price target of C$29.33, implying a 9.9% upside from current levels. In a report issued on August 15, Canaccord Genuity also maintained a Buy rating on the stock with a C$29.50 price target.
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Park Lawn’s market cap is currently C$411.3M and has a P/E ratio of 81.2. The company has a Price to Book ratio of 2.09.
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 Friday at C$26.70, close to its 52-week high of C$27.48.
