TD Securities Raises Shaw Communications Inc (SJR.B) Price Target to C$31.00
Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) had its target price boosted by analysts at TD Securities from C$28.00 to C$31.00 in a research note issued to investors on Friday, StockTargetPrices.com reports. The brokerage presently has a “buy” rating on the stock.
Other analysts have also issued research reports about the company. Desjardins lowered Shaw Communications from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$29.50 to C$28.00 in a research note on Wednesday, December 21st. CIBC increased their price objective on Shaw Communications from C$27.00 to C$28.00 in a research note on Friday. Scotiabank reissued an “outperform” rating and set a C$29.00 price objective on shares of Shaw Communications in a research note on Friday, January 6th. Barclays PLC increased their price objective on Shaw Communications from C$26.00 to C$27.00 and gave the company an “equal weight” rating in a research note on Thursday, November 3rd. Finally, Royal Bank Of Canada raised Shaw Communications from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$26.00 to C$29.00 in a research note on Monday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$28.00.
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About Shaw Communications
Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.
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