Shawcor (TSE:SCL) Sets New 12-Month High After Analyst Upgrade

Shares of Shawcor Ltd. (TSE:SCLGet Rating) hit a new 52-week high on Wednesday after Royal Bank of Canada raised their price target on the stock from C$8.00 to C$12.00. Royal Bank of Canada currently has an outperform rating on the stock. Shawcor traded as high as C$8.47 and last traded at C$8.39, with a volume of 76044 shares changing hands. The stock had previously closed at C$8.25.

A number of other research analysts have also recently weighed in on the company. National Bankshares raised their price target on Shawcor from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research report on Friday, August 19th. TD Securities increased their price objective on Shawcor from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets increased their price objective on Shawcor from C$8.00 to C$12.00 in a research note on Friday, August 19th. Finally, ATB Capital increased their price objective on Shawcor from C$10.50 to C$13.00 in a research note on Sunday, August 21st. Seven analysts have rated the stock with a buy rating, According to data from, the company presently has a consensus rating of “Buy” and an average price target of C$11.58.

Shawcor Trading Down 0.2 %

The firm has a market capitalization of C$580.29 million and a PE ratio of -8.21. The company has a debt-to-equity ratio of 49.80, a quick ratio of 1.29 and a current ratio of 1.88. The firm has a fifty day moving average of C$6.49 and a 200 day moving average of C$5.83.

Shawcor (TSE:SCLGet Rating) last announced its earnings results on Thursday, August 11th. The company reported C$0.07 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.04. The company had revenue of C$307.02 million for the quarter, compared to analysts’ expectations of C$279.37 million. Equities research analysts expect that Shawcor Ltd. will post 1.46 EPS for the current year.

Shawcor Company Profile

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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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