Shawcor Ltd. (TSE:SCL – Get Rating)’s stock price traded up 7.4% on Monday . The company traded as high as C$10.98 and last traded at C$10.74. 306,639 shares traded hands during trading, an increase of 20% from the average session volume of 255,428 shares. The stock had previously closed at C$10.00.
Analysts Set New Price Targets
SCL has been the topic of several analyst reports. Canaccord Genuity Group increased their target price on Shawcor from C$13.50 to C$14.50 in a research report on Tuesday. National Bankshares raised their price objective on shares of Shawcor from C$12.00 to C$14.00 in a research note on Tuesday. BMO Capital Markets boosted their target price on shares of Shawcor from C$12.00 to C$15.00 in a report on Tuesday. Cormark reduced their target price on Shawcor from C$17.50 to C$15.00 in a report on Tuesday. Finally, TD Securities downgraded shares of Shawcor from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$12.00 to C$13.00 in a research report on Tuesday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$14.75.
Shawcor Trading Up 6.3 %
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 stock has a market cap of C$799.57 million and a price-to-earnings ratio of -11.31. The company’s 50 day simple moving average is C$9.02 and its two-hundred day simple moving average is C$7.08.
Insider Transactions at Shawcor
Shawcor Company Profile
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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