Shawcor Price Target Increased to C$65.00 by Analysts at BMO Capital Markets (SCL)
Equities research analysts at BMO Capital Markets lifted their price objective on shares of Shawcor (TSE:SCL) from C$54.00 to C$65.00 in a research note issued to investors on Tuesday, Analyst Ratings News reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 18.35% from the company’s current price.
Shawcor (TSE:SCL) traded up 1.95% during mid-day trading on Tuesday, hitting $55.99. 39,004 shares of the company’s stock traded hands. Shawcor has a one year low of $37.01 and a one year high of $55.92. The stock’s 50-day moving average is $48.59 and its 200-day moving average is $43.40. The company has a P/E ratio of 15.43.
The company also recently declared a Quarterly dividend, which is scheduled for Friday, May 30th. Stockholders of record on Friday, May 30th will be given a dividend of $0.15 per share. This represents a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, May 14th.
Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities raised their price target on shares of Shawcor from C$55.00 to C$57.00 in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Shawcor from C$48.00 to C$55.00 in a research note on Monday, May 5th. They now have a “sector perform” rating on the stock.
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