Shawcor Ltd. (TSE:SCL) Receives C$8.42 Average Price Target from Analysts

Shawcor Ltd. (TSE:SCL) has been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the stock, reports. Three analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$8.42.

Several equities research analysts recently commented on SCL shares. ATB Capital increased their price target on Shawcor from C$8.50 to C$8.75 and gave the company a “na” rating in a report on Monday, May 17th. Atb Cap Markets raised Shawcor from a “sector perform” rating to an “outperform” rating in a research note on Monday, April 26th. TD Securities raised Shawcor from a “hold” rating to a “buy” rating and raised their target price for the stock from C$6.50 to C$8.00 in a research note on Wednesday, May 26th. Finally, BMO Capital Markets cut their target price on Shawcor from C$8.50 to C$7.00 and set a “na” rating for the company in a research note on Monday, May 17th.

Shares of TSE:SCL traded down C$0.02 during midday trading on Thursday, hitting C$5.19. The company had a trading volume of 239,222 shares, compared to its average volume of 582,457. Shawcor has a twelve month low of C$1.95 and a twelve month high of C$7.73. The company has a current ratio of 2.42, a quick ratio of 1.84 and a debt-to-equity ratio of 72.55. The stock has a market capitalization of C$365.64 million and a PE ratio of -24.81. The firm’s 50-day moving average is C$5.85.

Shawcor (TSE:SCL) last posted its quarterly earnings results on Thursday, May 13th. The company reported C($0.15) EPS for the quarter, missing the consensus estimate of C($0.12) by C($0.03). The company had revenue of C$279.33 million during the quarter, compared to analysts’ expectations of C$276.66 million. As a group, equities research analysts expect that Shawcor will post 0.26 earnings per share for the current fiscal year.

Shawcor Company Profile

Shawcor Ltd., an energy services company, provides products and services for the infrastructure, energy, and transportation markets in Canada, the United States, Latin America, Europe, the Middle East, Africa, Russia, and the Asia Pacific. The company operates through three segments: Pipeline and Pipe Services, Composite Systems, and Automotive and Industrial.

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