Shawcor Ltd (SCL) Stock Rating Upgraded by Scotiabank
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.
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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