Shawcor Ltd (TSE:SCL) Given Consensus Rating of “Buy” by Brokerages

Shawcor Ltd (TSE:SCL) has been assigned an average rating of “Buy” from the seven analysts that are presently covering the stock, reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$25.50.

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SCL has been the topic of several research analyst reports. TD Securities raised their price objective on Shawcor from C$26.00 to C$27.00 and gave the company a “buy” rating in a research note on Friday, August 9th. National Bank Financial set a C$28.50 price target on Shawcor and gave the company an “outperform” rating in a research note on Wednesday, September 11th. BMO Capital Markets cut their price target on Shawcor from C$28.00 to C$20.00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada lifted their price target on Shawcor from C$21.00 to C$22.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th.

TSE:SCL traded down C$0.17 during trading hours on Tuesday, hitting C$13.79. The company’s stock had a trading volume of 85,100 shares, compared to its average volume of 103,510. The stock has a fifty day simple moving average of C$14.37 and a 200-day simple moving average of C$16.80. The company has a market capitalization of $979.31 million and a P/E ratio of 17.05. The company has a debt-to-equity ratio of 52.20, a current ratio of 2.03 and a quick ratio of 1.46. Shawcor has a twelve month low of C$13.24 and a twelve month high of C$22.46.

Shawcor (TSE:SCL) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.27 earnings per share for the quarter, beating the consensus estimate of C($0.03) by C$0.30. The business had revenue of C$411.79 million during the quarter, compared to analyst estimates of C$383.00 million. On average, equities analysts predict that Shawcor will post 0.8100001 EPS for the current fiscal year.

In other news, Senior Officer Stephen Michael Orr purchased 5,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were purchased at an average cost of C$16.05 per share, with a total value of C$80,250.00. Following the completion of the purchase, the insider now owns 27,565 shares of the company’s stock, valued at approximately C$442,418.25. Insiders have bought 7,750 shares of company stock worth $124,993 over the last three months.

About Shawcor

Shawcor Ltd., an energy services company, provides products and services for the pipeline, pipe services, petrochemical, and industrial segments of the energy industry in North America, Latin America, Europe, the Middle East, Africa, Russia, and the Asia Pacific. The company operates through two segments, Pipeline and Pipe Services, and Petrochemical and Industrial.

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Analyst Recommendations for Shawcor (TSE:SCL)

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