Shawcor (TSE:SCL) Price Target Lowered to C$15.00 at Cormark

Shawcor (TSE:SCLGet Rating) had its target price trimmed by Cormark from C$17.50 to C$15.00 in a research report sent to investors on Tuesday morning, MarketBeat.com reports.

A number of other equities research analysts have also issued reports on the company. Royal Bank of Canada increased their price target on Shawcor from C$8.00 to C$12.00 and gave the stock an outperform rating in a research note on Tuesday, September 13th. National Bankshares upped 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 lifted their price target on shares of Shawcor from C$10.50 to C$13.00 in a research note on Sunday, August 21st. TD Securities upped their target price on shares of Shawcor from C$11.00 to C$12.00 and gave the company a buy rating in a research note on Tuesday, September 13th. Finally, Canaccord Genuity Group set a C$13.50 price objective on shares of Shawcor and gave the company a buy rating in a research report on Tuesday, October 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$14.75.

Shawcor Stock Performance

Shares of SCL opened at C$11.34 on Tuesday. The stock has a market cap of C$799.57 million and a P/E ratio of -11.31. Shawcor has a 52 week low of C$4.24 and a 52 week high of C$11.57. 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 business’s 50 day moving average price is C$9.02 and its 200-day moving average price is C$7.08.

Insider Activity at Shawcor

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

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.

Further Reading

Analyst Recommendations for Shawcor (TSE:SCL)

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