Raymond James Remains a Buy on Park Lawn (PLC)

Today, an analyst has provided a rating update for Park Lawn (PLCResearch Report). Raymond James’ analyst Johann Rodrigues reiterates their Buy rating on the shares, with a C$32 price target.

According to TipRanks.com, Rodrigues is a 4-star analyst with an average return of 5.8% and a 72.7% success rate. Rodrigues covers the Financial sector, focusing on stocks such as Choice Properties Real Estate Investment Trust, RioCan Real Estate Investment Trust, and Artis Real Estate Investment Trust.

Currently, the analyst consensus on Park Lawn is a Moderate Buy with an average price target of C$31.50, implying a 12.5% upside from current levels. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a C$31 price target.

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Based on Park Lawn’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$3.33 million. In comparison, last year the company had a GAAP net loss of C$435.8K.

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 last Wednesday at C$27.33.