Posted by admin on Jun 30th, 2022
Shawcor Ltd. (TSE:SCL – Get Rating) has been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$7.92.
SCL has been the subject of a number of research analyst reports. BMO Capital Markets upgraded Shawcor from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$6.00 to C$7.00 in a research report on Monday, May 16th. ATB Capital upgraded Shawcor from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$6.75 to C$8.00 in a research report on Monday, May 16th. TD Securities upgraded Shawcor from a “hold” rating to a “buy” rating and raised their price objective for the company from C$6.00 to C$7.50 in a research report on Monday, May 16th. Atb Cap Markets upgraded Shawcor from a “sector perform” rating to an “outperform” rating in a research report on Sunday, May 15th. Finally, Royal Bank of Canada raised their price objective 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.
TSE:SCL opened at C$5.73 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 52.93. The business’s 50-day simple moving average is C$5.68 and its two-hundred day simple moving average is C$5.46. The stock has a market cap of C$403.98 million and a PE ratio of -5.71. Shawcor has a 52 week low of C$4.24 and a 52 week high of C$6.87.
Shawcor (TSE:SCL – Get Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported C($0.10) EPS for the quarter, beating analysts’ consensus estimates 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. Sell-side analysts anticipate that Shawcor will post 0.63 earnings per share for the current fiscal 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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