Shawcor Ltd. (TSE:SCL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shawcor Ltd. (TSE:SCL – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$17.43.

Several analysts have commented on the stock. ATB Capital lifted their price objective on shares of Shawcor from C$16.25 to C$18.00 in a research report on Tuesday, May 16th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Shawcor in a research report on Friday, February 10th. National Bankshares boosted their price target on shares of Shawcor from C$17.50 to C$18.00 and gave the company an “outperform” rating in a research report on Tuesday, May 16th. Cormark lowered their price target on shares of Shawcor from C$25.25 to C$23.50 in a research report on Tuesday, May 16th. Finally, BMO Capital Markets boosted their price target on shares of Shawcor from C$13.00 to C$14.00 in a research report on Tuesday, April 25th.

Shawcor Stock Up 2.2 %

Shares of TSE SCL opened at C$15.02 on Friday. The stock has a market capitalization of C$1.04 billion, a P/E ratio of -34.14, a P/E/G ratio of 0.55 and a beta of 2.35. The company has a 50-day moving average price of C$12.42 and a 200-day moving average price of C$12.84. Shawcor has a 1 year low of C$4.99 and a 1 year high of C$15.06. The company has a debt-to-equity ratio of 38.63, a current ratio of 1.46 and a quick ratio of 1.00.

Shawcor (TSE:SCL – Get Rating) last released its quarterly earnings results on Wednesday, March 8th. The company reported C$0.18 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.03). The company had revenue of C$345.46 million for the quarter, compared to the consensus estimate of C$344.60 million. On average, equities research analysts forecast that Shawcor will post 1.8612144 EPS for the current fiscal 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.