Shawcor Ltd (SCL) Receives Consensus Rating of “Buy” from Analysts
Shares of Shawcor Ltd (TSE:SCL) have been assigned a consensus rating of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$36.00.
Several brokerages recently issued reports on SCL. Scotiabank raised shares of Shawcor from an “underperform” rating to a “sector perform” rating and set a C$32.00 price objective on the stock in a report on Tuesday, November 14th. National Bank Financial raised shares of Shawcor from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$27.00 to C$35.00 in a report on Wednesday, October 11th. TD Securities set a C$33.00 price objective on shares of Shawcor and gave the company a “buy” rating in a report on Saturday, September 23rd. Finally, BMO Capital Markets cut their price objective on shares of Shawcor from C$42.00 to C$36.00 in a report on Monday, August 14th.
Shawcor (SCL) opened at C$26.69 on Friday. Shawcor has a 1-year low of C$24.20 and a 1-year high of C$39.95.
In other news, insider Gaston Alfonso Tano bought 4,000 shares of the stock in a transaction on Monday, November 20th. The stock was bought at an average cost of C$26.52 per share, for a total transaction of C$106,080.00. Also, insider Paul Anthony Pierroz sold 900 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of C$27.92, for a total transaction of C$25,128.00. Over the last 90 days, insiders acquired 4,114 shares of company stock valued at $109,019.
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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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