Brokerages Set Shawcor Ltd (TSE:SCL) PT at C$25.50
Shawcor Ltd (TSE:SCL) has received a consensus recommendation of “Buy” from the seven analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$25.50.
Several equities research analysts have recently issued reports on SCL shares. BMO Capital Markets reduced their price objective on shares of Shawcor from C$28.00 to C$20.00 in a research report on Friday, August 9th. TD Securities lifted their price objective on shares of Shawcor from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Royal Bank of Canada lifted their price objective on shares of Shawcor from C$21.00 to C$22.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Finally, National Bank Financial set a C$28.50 price objective on shares of Shawcor and gave the company an “outperform” rating in a research report on Wednesday, September 11th.
TSE SCL traded down C$0.19 on Friday, reaching C$14.08. 73,702 shares of the stock were exchanged, compared to its average volume of 102,055. Shawcor has a one year low of C$14.03 and a one year high of C$25.08. The firm has a market capitalization of $997.54 million and a PE ratio of 17.45. The company’s 50-day simple moving average is C$15.75 and its two-hundred day simple moving average is C$17.62. The company has a current ratio of 2.03, a quick ratio of 1.46 and a debt-to-equity ratio of 52.20.
In related news, Senior Officer Stephen Michael Orr acquired 5,000 shares of Shawcor stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of C$16.05 per share, for a total transaction of C$80,250.00. Following the completion of the transaction, the insider now directly owns 27,565 shares in the company, valued at approximately C$442,418.25. In the last quarter, insiders have bought 7,750 shares of company stock worth $124,993.
Shawcor Ltd., an energy services company, provides products and services for the pipeline, pipe services, petrochemical, and industrial segments of the energy industry in North America, Latin America, Europe, the Middle East, Africa, Russia, and the Asia Pacific. The company operates through two segments, Pipeline and Pipe Services, and Petrochemical and Industrial.
Further Reading: What is Considered a Good Return on Equity (ROE)?
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