Shawcor (OTCMKTS:SAWLF) Upgraded by TD Securities to Buy

Shawcor (OTCMKTS:SAWLFGet Rating) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued on Monday, The Fly reports.

Several other equities analysts have also weighed in on SAWLF. BMO Capital Markets upgraded shares of Shawcor from a “market perform” rating to an “outperform” rating in a report on Monday. Royal Bank of Canada cut their price objective on shares of Shawcor from C$9.00 to C$8.00 in a report on Friday, March 11th.

Shares of OTCMKTS:SAWLF traded up $0.83 during midday trading on Monday, hitting $4.34. 5,200 shares of the company’s stock traded hands, compared to its average volume of 11,341. The firm’s fifty day moving average price is $3.96 and its two-hundred day moving average price is $4.10. Shawcor has a twelve month low of $3.34 and a twelve month high of $5.75.

About Shawcor (Get Rating)

Shawcor Ltd. operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Systems, Automotive and Industrial, and Pipeline and Pipe Services. The Composite Systems segment manufactures flexible composite and high density polyethylene pipes that are used for oil and gas gathering, water disposal, carbon dioxide injection pipelines, and other applications; fiberglass reinforced plastic underground storage tanks for the retail fuel, water and wastewater, and oil and gas markets; and tubular management services to the Western Canadian onshore oilfield market, including inventory management systems, mobile inspection, in-plant inspection and the refurbishment and rethreading of drill pipe, production tubing and casing, and tubular products.

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