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Shawcor Ltd. (TSE:SCL - Get Rating) hit a new 52-week high on Wednesday after Royal Bank of Canada raised their price target on the stock from C$8.00 to C$12.00. Royal Bank of Canada currently has an outperform rating on the stock. Shawcor traded as high as C$8.47 and last traded at C$8.39, with a volume of 76044 shares changing hands. The stock had previously closed at C$8.25.

A number of other equities research analysts have also recently commented on the stock. TD Securities increased 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 report on Tuesday. National Bankshares increased their price objective on Shawcor from C$8.50 to C$12.00 and gave the company an "outperform" rating in a report on Friday, August 19th. BMO Capital Markets lifted their target price on shares of Shawcor from C$8.00 to C$12.00 in a research note on Friday, August 19th. Finally, ATB Capital raised their target price on Shawcor from C$10.50 to C$13.00 in a research note on Sunday, August 21st. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Shawcor currently has an average rating of "Buy" and a consensus price target of C$11.58.Shawcor Stock Up 1.0 %

The company has a market capitalization of C$587.34 million and a PE ratio of -8.32. The company has a current ratio of 1.88, a quick ratio of 1.29 and a debt-to-equity ratio of 49.80. The business has a fifty day moving average of C$6.43 and a 200 day moving average of C$5.82.

Shawcor (TSE:SCL - Get Rating) last announced its quarterly earnings results on Thursday, August 11th. The company reported C$0.07 EPS for the quarter, topping the consensus estimate of C$0.03 by C$0.04. The company had revenue of C$307.02 million for the quarter, compared to analyst estimates of C$279.37 million. Equities research analysts anticipate that Shawcor Ltd. will post 1.46 EPS 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.Further ReadingFour Cheap Stocks With Interesting Insider Activity Can Health Drink Maker Celsius Outrun Its Monster Rival?Is Lyft Going To Make It As Acquisition Rumors Swirl?It’s Time To Embrace Another 25% Decline In The S&P 500Is Five Below Trying to Punch Too High?

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