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.

ILLEGAL ACTIVITY WARNING: This story was originally published by Watch List News and is owned by of Watch List News. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://www.watchlistnews.com/national-bank-financial-lowers-shaw-communications-sjr-b-price-target-to-c28-00/1804565.html.

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.

Analyst Recommendations for Shaw Communications (TSE:SJR.B)

Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with MarketBeat.com's FREE daily email newsletter.