Shawcor Ltd (SCL) Upgraded at National Bank Financial
Shawcor Ltd (TSE:SCL) was upgraded by stock analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Wednesday. The firm presently has a C$35.00 price target on the stock, up from their prior price target of C$27.00. National Bank Financial’s target price indicates a potential upside of 28.44% from the company’s current price.
A number of other research analysts have also recently commented on SCL. BMO Capital Markets dropped their price target on Shawcor from C$42.00 to C$36.00 in a research note on Monday, August 14th. TD Securities set a C$33.00 price target on Shawcor and gave the company a “buy” rating in a research note on Saturday, September 23rd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Shawcor presently has an average rating of “Buy” and an average target price of C$36.60.
Shawcor (TSE SCL) traded up 9.17% during midday trading on Wednesday, hitting $29.75. The stock had a trading volume of 314,144 shares. The company’s 50-day moving average price is $26.16 and its 200 day moving average price is $29.72. Shawcor has a 52 week low of $24.20 and a 52 week high of $39.95. The company’s market capitalization is $2.08 billion.
Shawcor Company Profile
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.
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