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

Shares of Shawcor Ltd (TSE:SCL) have earned an average rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$35.33.

A number of brokerages have issued reports on SCL. National Bank Financial increased their price objective on shares of Shawcor from C$35.00 to C$36.00 in a report on Monday, November 13th. 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. TD Securities cut their price objective on shares of Shawcor from C$36.00 to C$33.00 and set a “buy” rating for the company in a report on Monday, March 5th. Finally, BMO Capital Markets cut their price objective on shares of Shawcor from C$34.00 to C$32.00 in a report on Monday, March 5th.

Shares of Shawcor (TSE SCL) traded up C$0.09 on Monday, reaching C$24.73. 53,800 shares of the company’s stock were exchanged, compared to its average volume of 111,309. Shawcor has a twelve month low of C$24.06 and a twelve month high of C$39.95. The stock has a market cap of $1,730.00, a price-to-earnings ratio of 24.01 and a beta of 0.64.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.43%. Shawcor’s dividend payout ratio is currently 58.25%.

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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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