Shawcor Ltd (TSE:SCL) insider Joseph Tabak bought 500 shares of the firm’s stock in a transaction dated Tuesday, March 20th. The stock was bought at an average cost of C$24.47 per share, with a total value of C$12,235.00.

Shawcor stock traded down C$0.76 during trading hours on Thursday, reaching C$24.26. The company’s stock had a trading volume of 43,911 shares, compared to its average volume of 95,963. Shawcor Ltd has a 52 week low of C$23.80 and a 52 week high of C$39.95. The company has a market cap of $1,720.00, a P/E ratio of 23.61 and a beta of 0.64.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, March 15th. Shawcor’s dividend payout ratio is presently 58.25%.

A number of research analysts recently commented on SCL shares. BMO Capital Markets reduced their price target on Shawcor from C$34.00 to C$32.00 in a report on Monday, March 5th. TD Securities reduced their price target on Shawcor from C$36.00 to C$33.00 and set a “buy” rating for the company in a report on Monday, March 5th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Shawcor presently has a consensus rating of “Buy” and an average price target of C$35.33.

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About Shawcor

Shawcor Ltd is a Canada-based energy services company. The Company is engaged in designing, engineering, marketing and selling products and services, such as pipe coating services; flexible composite pipe; onshore and offshore pipeline corrosion and thermal protection; ultrasonic and radiographic inspection services; tubular management services; heat-shrinkable polymer tubing, and control and instrumentation wire and cable.

Insider Buying and Selling by Quarter for Shawcor (TSE:SCL)

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