Shawcor (TSE:SCL – Get Rating) had its price objective increased by Royal Bank of Canada from C$8.00 to C$12.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Other analysts also recently issued research reports about the stock. BMO Capital Markets boosted their price objective on shares of Shawcor from C$8.00 to C$12.00 in a report on Friday, August 19th. ATB Capital upped their price target on shares of Shawcor from C$10.50 to C$13.00 in a report on Sunday, August 21st. National Bankshares upped their price target on shares of Shawcor from C$8.50 to C$12.00 and gave the stock an outperform rating in a report on Friday, August 19th. Finally, TD Securities upped their price target on shares of Shawcor from C$11.00 to C$12.00 and gave the stock a buy rating in a report on Tuesday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Shawcor has a consensus rating of Buy and a consensus target price of C$11.58.
Shawcor Stock Performance
TSE SCL opened at C$8.25 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.88 and a debt-to-equity ratio of 49.80. The company has a market capitalization of C$581.70 million and a P/E ratio of -8.23. Shawcor has a 12-month low of C$4.24 and a 12-month high of C$8.47. The firm has a 50-day moving average price of C$6.43 and a two-hundred day moving average price of C$5.82.
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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