Bullboard - Stock Discussion Forum Park Lawn Corp T.PLC

Consumer Cyclical Personal Services

Park Lawn Corporation is engaged in providing goods and services associated with the disposition and memorialization of human remains. The Company and its subsidiaries own and operate businesses, including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. Its primary products and services are cemetery lots, crypts, niches, monuments, caskets, urns and... see more

Add To Watchlist

TSX:PLC - Post Discussion

Park Lawn Corp > Scotiabank

View:

Post by retiredcf on Nov 11, 2022 11:58am

Scotiabank

Scotia’s George Doumet lowered his target for Park Lawn Corp to $32 from $33 with a “sector outperform” rating. The average is $36.94.

“Results were certainly not as bad as feared, especially in the context of some public competitors reporting significant sequential deterioration in Q3 results. Aided by some bulk sales, PLC was actually able to show a material (180 bps on adj. EBITDA margins) q/q improvement. This quarter’s performance (in addition to some company commentary) points to improved visibility for next year,” said Mr. Doumet.

149