Shaw Communications Inc (SJR.B) Given Average Recommendation of “Hold” by Brokerages

Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) has been given a consensus rating of “Hold” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$29.11.

Several analysts have recently weighed in on the stock. CIBC decreased their price target on shares of Shaw Communications from C$31.00 to C$28.00 in a research note on Friday, January 12th. National Bank Financial decreased their price target on shares of Shaw Communications from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Friday, January 12th. Royal Bank of Canada decreased their price target on shares of Shaw Communications from C$31.00 to C$30.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Echelon Wealth Partners raised shares of Shaw Communications from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Finally, Desjardins decreased their price target on shares of Shaw Communications from C$30.50 to C$30.00 in a research note on Friday, January 12th.

Shares of Shaw Communications (SJR.B) traded up C$0.03 during midday trading on Wednesday, reaching C$25.54. 249,048 shares of the company’s stock traded hands, compared to its average volume of 1,240,000. The company has a market capitalization of $12,820.00, a P/E ratio of 21.83 and a beta of 0.53. Shaw Communications has a twelve month low of C$25.35 and a twelve month high of C$30.44.

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 27th will be issued a $0.0988 dividend. This represents a $1.19 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend is Wednesday, February 14th.

ILLEGAL ACTIVITY NOTICE: “Shaw Communications Inc (SJR.B) Given Average Recommendation of “Hold” by Brokerages” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2018/02/14/shaw-communications-inc-sjr-b-given-average-recommendation-of-hold-by-brokerages.html.

About Shaw Communications

Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.

Analyst Recommendations for Shaw Communications (TSE:SJR.B)

Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply