Shawcor (TSE:SCL) Price Target Cut to C$20.00 by Analysts at BMO Capital Markets

Shawcor (TSE:SCL) had its target price cut by BMO Capital Markets from C$28.00 to C$20.00 in a research note issued to investors on Friday, BayStreet.CA reports.

Separately, Royal Bank of Canada restated a sector perform rating and issued a C$21.00 price target on shares of Shawcor in a report on Wednesday, July 3rd. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Shawcor presently has a consensus rating of Buy and an average price target of C$26.08.

SCL stock traded up C$1.64 during trading on Friday, hitting C$18.36. The stock had a trading volume of 268,700 shares, compared to its average volume of 95,553. The company has a 50 day moving average price of C$17.44. Shawcor has a 1-year low of C$15.11 and a 1-year high of C$28.89. The company has a market capitalization of $1.29 billion and a PE ratio of 99.24. The company has a debt-to-equity ratio of 22.70, a quick ratio of 1.29 and a current ratio of 1.78.

Shawcor (TSE:SCL) last announced its earnings results on Tuesday, May 14th. The company reported C$0.05 earnings per share for the quarter, beating the consensus estimate of C($0.02) by C$0.07. The firm had revenue of C$349.58 million during the quarter, compared to analyst estimates of C$348.37 million. As a group, analysts predict that Shawcor will post 1.3200001 earnings per share for the current year.

About Shawcor

Shawcor Ltd., an energy services company, provides products and services for the pipeline, pipe services, petrochemical, and industrial segments of the energy industry in North America, Latin America, Europe, the Middle East, Africa, Russia, and the Asia Pacific. The company operates through two segments, Pipeline and Pipe Services, and Petrochemical and Industrial.

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Analyst Recommendations for Shawcor (TSE:SCL)

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