Posted by admin on Jun 5th, 2022

Shawcor Ltd. (TSE:SCL – Get Rating) has been assigned an average recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$7.92.

Several brokerages have recently weighed in on SCL. Royal Bank of Canada lifted their price target on shares of Shawcor from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a research note on Monday, May 16th. TD Securities upgraded shares of Shawcor from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$6.00 to C$7.50 in a research note on Monday, May 16th. Atb Cap Markets upgraded shares of Shawcor from a “sector perform” rating to an “outperform” rating in a research note on Sunday, May 15th. BMO Capital Markets upgraded shares of Shawcor from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$6.00 to C$7.00 in a research note on Monday, May 16th. Finally, ATB Capital upgraded shares of Shawcor from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$6.75 to C$8.00 in a research note on Monday, May 16th.

TSE:SCL opened at C$6.37 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 52.93. Shawcor has a 12 month low of C$4.24 and a 12 month high of C$6.87. The company has a market cap of C$449.10 million and a PE ratio of -6.35. The company has a 50 day simple moving average of C$5.40 and a two-hundred day simple moving average of C$5.33.

Shawcor (TSE:SCL – Get Rating) last posted its earnings results on Wednesday, March 9th. The company reported C($0.05) EPS for the quarter, topping analysts’ consensus estimates of C($0.10) by C$0.05. The company had revenue of C$266.38 million during the quarter, compared to the consensus estimate of C$252.13 million. Research analysts forecast that Shawcor will post 0.6281053 earnings per share for the current year.

Shawcor Company Profile (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.

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