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.
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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.
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