Park Lawn (PLC) Gets a Buy Rating from GMP FirstEnergy

By Austin Angelo

Park Lawn (PLCResearch Report), the Utilities sector company, has received a rating update from a Wall Street analyst on May 8. Analyst Stephen Harris from GMP FirstEnergy remains bullish on the stock and has a C$36 price target.

Harris has an average return of 9.0% when recommending Park Lawn.

According to TipRanks.com, Harris is ranked #936 out of 5192 analysts.

Park Lawn has an analyst consensus of Strong Buy, with a price target consensus of C$32, implying a 19.9% upside from current levels. In a report issued on April 24, Raymond James also maintained a Buy rating on the stock with a C$30 price target.

.

Based on Park Lawn’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$2.21 million. In comparison, last year the company had a net profit of C$1.67 million.

Park Lawn Corp. provides goods and services associated with the disposition and memorialization of human remains. Its products and services are sold on a pre-planned basis or at the time of a death. The company and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service.

The company’s shares closed on Monday at C$26.70, close to its 52-week high of C$27.95.