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Shawcor Ltd. (TSE:SCL - Get Rating)'s stock price hit a new 52-week high during trading on Monday after ATB Capital raised their price target on the stock from C$10.50 to C$13.00. The stock traded as high as C$8.06 and last traded at C$7.92, with a volume of 70844 shares changing hands. The stock had previously closed at C$7.89.

A number of other analysts have also recently commented on SCL. BMO Capital Markets raised their target price on shares of Shawcor from C$8.00 to C$12.00 in a research note on Friday. TD Securities lifted their price objective on shares of Shawcor from C$10.00 to C$11.00 and gave the stock a "buy" rating in a research note on Sunday. Atb Cap Markets upgraded shares of Shawcor from a "sector perform" rating to an "outperform" rating in a research note on Sunday, May 15th. National Bankshares lifted their price objective on shares of Shawcor from C$8.50 to C$12.00 in a research note on Friday. Finally, Royal Bank of Canada lifted their price objective 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. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$10.75.Shawcor Trading Up 0.1 %

The company has a debt-to-equity ratio of 49.80, a quick ratio of 1.29 and a current ratio of 1.88. The stock has a market capitalization of C$557.02 million and a PE ratio of -7.89. The stock has a 50-day moving average price of C$5.66 and a two-hundred day moving average price of C$5.58.

Shawcor (TSE:SCL - Get Rating) last released its earnings results on Thursday, August 11th. The company reported C$0.07 earnings per share for the quarter, beating 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 the consensus estimate of C$279.37 million. As a group, equities analysts forecast that Shawcor Ltd. will post 0.7244487 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.Recommended StoriesOil Services: Who Will Lead The Rebound?Analog Devices Reveals Semiconductor Demand Problems Three Ways To Find Hot Stocks In A Tepid Market Here are the Multiple Stages of a Bear Market3 August Earnings Reports With 'Wow' Potential

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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