Shawcor Ltd (TSE:SCL) has earned a consensus rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$36.00.
A number of equities research analysts have issued reports on the stock. 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. National Bank Financial raised shares of Shawcor from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$27.00 to C$35.00 in a report on Wednesday, October 11th. Finally, Scotiabank raised shares of Shawcor from an “underperform” rating to a “sector perform” rating and set a C$32.00 price objective for the company in a report on Tuesday, November 14th.
In other Shawcor news, insider Gaston Alfonso Tano bought 4,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was acquired 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 Shawcor stock in a transaction on Monday, December 4th. The stock was sold at an average price of C$27.92, for a total value of C$25,128.00. Over the last 90 days, insiders purchased 5,114 shares of company stock valued at $129,509.
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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