Shawcor Ltd (SCL) Given Average Rating of “Buy” by Analysts

Shawcor Ltd (TSE:SCL) has been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the firm, reports. Three research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$36.00.

A number of equities analysts have weighed in on SCL shares. National Bank Financial raised Shawcor from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$27.00 to C$35.00 in a research report on Wednesday, October 11th. Scotiabank raised Shawcor from an “underperform” rating to a “sector perform” rating and set a C$32.00 target price for the company in a research report on Tuesday, November 14th.

Shawcor (TSE SCL) opened at C$28.82 on Friday. Shawcor has a 52-week low of C$24.20 and a 52-week high of C$39.95. The firm has a market capitalization of $2,020.00, a PE ratio of 24.84 and a beta of 0.64.

Shawcor (TSE:SCL) last issued its earnings results on Friday, November 10th. The company reported C$0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.38 by C($0.09). Shawcor had a return on equity of 7.95% and a net margin of 5.14%.

In related news, insider Gaston Alfonso Tano acquired 4,000 shares of the business’s stock in a transaction that occurred 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 business’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 value of C$25,128.00. Insiders have bought a total of 5,114 shares of company stock valued at $129,509 in the last ninety days.

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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)

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