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.

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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.

Analyst Recommendations for Shawcor (TSE:SCL)

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