Shaw Communications (SJR.B) Reaches New 1-Year Low at $24.98
Shares of Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) hit a new 52-week low on Tuesday . The company traded as low as C$24.98 and last traded at C$25.02, with a volume of 145795 shares changing hands. The stock had previously closed at C$25.05.
A number of brokerages recently weighed in on SJR.B. National Bank Financial lowered their price target on shares of Shaw Communications from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a report on Tuesday, July 3rd. Royal Bank of Canada raised their price target on shares of Shaw Communications from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, June 26th. CIBC raised shares of Shaw Communications from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$28.00 to C$30.00 in a report on Wednesday, June 6th. Finally, TD Securities lowered their price target on shares of Shaw Communications from C$33.00 to C$32.00 and set an “action list buy” rating for the company in a report on Wednesday, September 5th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Shaw Communications currently has an average rating of “Buy” and a consensus price target of C$29.72.
The firm also recently announced a monthly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Thursday, September 27th will be issued a dividend of $0.0988 per share. This represents a $1.19 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Thursday, September 13th.
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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