01:16:08 EDT Fri 19 Apr 2019
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Park Lawn Corp
Symbol C : PLC
Shares Issued 23,122,395
Close 2019-01-10 C$ 24.14
Recent Sedar Documents

Globe says Park Lawn a top idea for 2019 at Acumen Cap

2019-01-11 08:16 ET - In the News

The Globe and Mail reports in its Friday, Jan. 11, edition that Acumen Capital analyst Brian Pow named Park Lawn ($24.14) one of the firm's "2019 Top Ideas." The Globe's David Leeder writes that Mr. Pow rates Park Lawn "buy," with a $28 share target, which is $1.44 below the consensus. Mr. Pow says in a note: "PLC had another active year of acquisitions in 2018, with additional tuck-in transactions in Canada and major geographic expansion in the U.S. The company now derives north of 75 per cent of its revenue from the U.S., with the combined businesses delivering a run rate EBITDA of $45-million– $48-million (trailing 12 months). In 2019, we expect management to focus on operation projects that drive margin expansion, firm up plans for the deployment of growth capital, as well as introduce new products and services to help drive organic growth. We expect the company to continue being disciplined in its approach to acquisitions, with tuck-ins likely to be highly accretive on integration. The Company has a constructive plan, with a goal of achieving $100-million of EBITDA by 2022." The Globe reported on June 26, 2018, that Canaccord Genuity analyst Raveel Afzaal rated Park Lawn "buy." It was then worth $23.95.

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