Shawcor Ltd (SCL) Given a C$33.00 Price Target by TD Securities Analysts
A number of other analysts have also weighed in on the stock. BMO Capital Markets lowered their price target on shares of Shawcor from C$42.00 to C$36.00 in a report on Monday, August 14th. National Bank Financial lowered shares of Shawcor from an outperform rating to a sector perform rating and lowered their price target for the company from C$40.00 to C$27.00 in a report on Monday, June 26th. Finally, Industrial Alliance Securities raised shares of Shawcor from a buy rating to a strong-buy rating and set a C$41.00 price target for the company in a report on Monday, May 29th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of C$35.00.
Shares of Shawcor (TSE SCL) traded up 1.96% during trading on Friday, hitting $28.12. The stock had a trading volume of 404,476 shares. The stock’s 50-day moving average price is $25.56 and its 200 day moving average price is $30.85. Shawcor has a one year low of $24.20 and a one year high of $39.95. The stock’s market cap is $1.97 billion.
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The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 31st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Thursday, August 17th.
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.
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