National Bank Financial Lowers Shaw Communications (SJR.B) Price Target to C$28.00
Shaw Communications (TSE:SJR.B) (NYSE:SJR) had its target price cut by stock analysts at National Bank Financial from C$29.00 to C$28.00 in a research report issued to clients and investors on Friday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 3.05% from the stock’s previous close.
Other analysts also recently issued reports about the company. Scotiabank downgraded Shaw Communications from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$32.00 to C$30.00 in a research report on Thursday, October 12th. TD Securities boosted their target price on Shaw Communications from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Echelon Wealth Partners upgraded Shaw Communications from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Finally, Royal Bank of Canada decreased their target price on Shaw Communications from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$29.10.
Shares of Shaw Communications (TSE:SJR.B) traded up C$0.11 during mid-day trading on Friday, reaching C$27.17. The company had a trading volume of 1,050,000 shares, compared to its average volume of 978,824. Shaw Communications has a 52-week low of C$26.48 and a 52-week high of C$30.44. The firm has a market capitalization of $13,600.00, a price-to-earnings ratio of 23.22 and a beta of 0.62.
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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