BMO Capital Markets Lowers Shaw Communications Price Target to $25.00 (SJR)
Equities researchers at BMO Capital Markets lowered their target price on shares of Shaw Communications (NYSE:SJR) from $26.00 to $25.00 in a research report issued on Friday, StockRatingsNetwork.com reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 5.98% from the company’s current price.
Shares of Shaw Communications (NYSE:SJR) traded up 0.51% on Friday, hitting $23.59. The stock had a trading volume of 264,392 shares. Shaw Communications has a 52-week low of $20.40 and a 52-week high of $25.46. The stock’s 50-day moving average is $24.28 and its 200-day moving average is $23.62. The company has a market cap of $10.623 billion and a price-to-earnings ratio of 13.77.
Shaw Communications (NYSE:SJR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.33 by $0.09. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis.
The company also recently declared a monthly dividend, which is scheduled for Thursday, February 27th. Stockholders of record on Friday, February 14th will be given a dividend of $0.08 per share. This represents a $0.99 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, February 12th.
Shaw Communications Inc (NYSE:SJR) is a diversified Canadian communications company.
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