Shawcor (TSE:SCL) Price Target Increased to C$15.00 by Analysts at Royal Bank of Canada

Shawcor (TSE:SCLGet Rating) had its price target upped by Royal Bank of Canada from C$11.00 to C$15.00 in a research report released on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also weighed in on SCL. National Bankshares lifted their price objective on shares of Shawcor from C$8.50 to C$12.00 and gave the company an outperform rating in a research note on Friday, August 19th. ATB Capital boosted their price target on shares of Shawcor from C$14.00 to C$16.75 in a research note on Tuesday. BMO Capital Markets boosted their price target on shares of Shawcor from C$12.00 to C$15.00 in a research note on Tuesday. Cormark decreased their price target on shares of Shawcor from C$17.50 to C$15.00 in a research note on Tuesday. Finally, TD Securities lowered shares of Shawcor from a buy rating to a hold rating and boosted their price target for the company from C$12.00 to C$13.00 in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$14.75.

Shawcor Stock Performance

TSE:SCL opened at C$11.34 on Tuesday. The company has a fifty day moving average of C$9.02 and a 200-day moving average of C$7.08. The firm has a market capitalization of C$799.57 million and a P/E ratio of -11.31. The company has a quick ratio of 1.29, a current ratio of 1.88 and a debt-to-equity ratio of 49.80. Shawcor has a twelve month low of C$4.24 and a twelve month high of C$11.57.

Insiders Place Their Bets

In other Shawcor news, Senior Officer Kevin Dominic Reizer sold 15,902 shares of Shawcor stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of C$8.20, for a total transaction of C$130,466.37. Following the transaction, the insider now directly owns 12,127 shares of the company’s stock, valued at approximately C$99,494.76.

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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