Shawcor Ltd (TSE:SCL) – Equities researchers at National Bank Financial increased their FY2017 earnings per share estimates for Shawcor in a research report issued on Tuesday. National Bank Financial analyst G. Colman now anticipates that the company will post earnings of $1.14 per share for the year, up from their prior estimate of $1.09. National Bank Financial has a “Outperform” rating and a $35.00 price objective on the stock. National Bank Financial also issued estimates for Shawcor’s FY2019 earnings at $1.54 EPS and FY2020 earnings at $1.83 EPS.

Several other research firms have also weighed in on SCL. TD Securities set a C$33.00 price objective on Shawcor and gave the company a “buy” rating in a research note on Saturday, September 23rd. BMO Capital Markets reduced their price objective on Shawcor from C$42.00 to C$36.00 in a research note on Monday, August 14th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$36.60.

COPYRIGHT VIOLATION NOTICE: “Shawcor Ltd (SCL) to Post FY2017 Earnings of $1.14 Per Share, National Bank Financial Forecasts” was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at

Shares of Shawcor (TSE:SCL) opened at 29.60 on Thursday. The firm’s 50-day moving average price is $26.29 and its 200 day moving average price is $29.72. The company’s market capitalization is $2.07 billion. Shawcor has a one year low of $24.20 and a one year high of $39.95.

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.

Earnings History and Estimates for Shawcor (TSE:SCL)

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's FREE daily email newsletter.