TD Securities Reiterates C$33.00 Price Target for Shawcor Ltd (SCL)
Shawcor Ltd (TSE:SCL) received a C$33.00 price objective from investment analysts at TD Securities in a research report issued on Saturday. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 17.35% from the stock’s current price.
Several other research firms have also issued reports on SCL. BMO Capital Markets reduced their target price on Shawcor from C$42.00 to C$36.00 in a report on Monday, August 14th. Industrial Alliance Securities raised Shawcor from a “buy” rating to a “strong-buy” rating and set a C$41.00 target price on the stock in a report on Monday, May 29th. Finally, National Bank Financial lowered Shawcor from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$40.00 to C$27.00 in a report on Monday, June 26th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$35.00.
Shares of Shawcor (SCL) traded up 1.96% during midday trading on Friday, hitting $28.12. 404,476 shares of the stock traded hands. The stock has a 50 day moving average of $25.56 and a 200 day moving average of $30.85. Shawcor has a 1-year low of $24.20 and a 1-year high of $39.95. The company’s market capitalization is $1.97 billion.
ILLEGAL ACTIVITY WARNING: “TD Securities Reiterates C$33.00 Price Target for Shawcor Ltd (SCL)” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/23/td-securities-reiterates-c33-00-price-target-for-shawcor-ltd-scl.html.
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.
Receive News & Ratings for Shawcor Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shawcor Ltd and related companies with MarketBeat.com's FREE daily email newsletter.