Shawcor Ltd (TSE:SCL) was upgraded by analysts at Scotiabank from an “underperform” rating to a “sector perform” rating in a report issued on Tuesday. The brokerage presently has a C$32.00 price objective on the stock. Scotiabank’s price objective would suggest a potential upside of 23.79% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. National Bank Financial upgraded Shawcor from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$27.00 to C$35.00 in a research report on Wednesday, October 11th. TD Securities set a C$33.00 target price on Shawcor and gave the stock a “buy” rating in a report on Saturday, September 23rd. Finally, BMO Capital Markets dropped their target price on Shawcor from C$42.00 to C$36.00 in a report on Monday, August 14th. Three investment 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 currently has an average rating of “Buy” and a consensus target price of C$36.00.

Shares of Shawcor (TSE:SCL) traded down C$0.24 during mid-day trading on Tuesday, reaching C$25.85. The company’s stock had a trading volume of 179,085 shares, compared to its average volume of 129,590. Shawcor has a 12 month low of C$24.20 and a 12 month high of C$39.95.

ILLEGAL ACTIVITY NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at

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.

Analyst Recommendations 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.