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Shawcor Ltd. (TSE:SCL - Get Rating) has received a consensus recommendation of "Buy" from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$7.92.

SCL has been the subject of several research reports. Atb Cap Markets upgraded Shawcor from a "sector perform" rating to an "outperform" rating in a research report on Sunday, May 15th. Royal Bank of Canada increased their target price on Shawcor from C$7.00 to C$8.00 and gave the company an "outperform" rating in a research report on Monday, May 16th. TD Securities upgraded Shawcor from a "hold" rating to a "buy" rating and increased their target price for the company from C$6.00 to C$7.50 in a research report on Monday, May 16th. ATB Capital upgraded Shawcor from a "sector perform" rating to an "outperform" rating and increased their target price for the company from C$6.75 to C$8.00 in a research report on Monday, May 16th. Finally, BMO Capital Markets upgraded Shawcor from a "market perform" rating to an "outperform" rating and increased their target price for the company from C$6.00 to C$7.00 in a research report on Monday, May 16th.

SCL opened at C$5.73 on Thursday. The company has a debt-to-equity ratio of 52.93, a quick ratio of 1.20 and a current ratio of 1.76. Shawcor has a 52-week low of C$4.24 and a 52-week high of C$6.87. The firm has a market cap of C$403.98 million and a P/E ratio of -5.71. The business's fifty day moving average is C$5.68 and its 200-day moving average is C$5.46.

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Shawcor (TSE:SCL - Get Rating) last announced its quarterly earnings data on Thursday, May 12th. The company reported C($0.10) earnings per share for the quarter, topping the consensus estimate of C($0.16) by C$0.06. The business had revenue of C$267.79 million for the quarter, compared to the consensus estimate of C$242.57 million. On average, research analysts predict that Shawcor will post 0.63 earnings per share for the current fiscal year.

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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