Posted by admin on May 16th, 2022

Shawcor (TSE:SCL – Get Rating) had its price objective raised by equities researchers at Royal Bank of Canada from C$7.00 to C$8.00 in a research note issued on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 35.14% from the company’s current price.

Other analysts also recently issued reports about the company. ATB Capital raised Shawcor from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$6.75 to C$8.00 in a research note on Monday. TD Securities raised Shawcor from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$6.00 to C$7.50 in a research report on Monday. Finally, BMO Capital Markets raised Shawcor from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$6.00 to C$7.00 in a research report on Monday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$7.92.

Shares of SCL traded up C$0.26 during midday trading on Monday, reaching C$5.92. The company had a trading volume of 480,474 shares, compared to its average volume of 257,605. Shawcor has a 1-year low of C$4.24 and a 1-year high of C$6.75. The stock has a market cap of C$417.25 million and a PE ratio of -5.19. The firm has a 50 day simple moving average of C$5.04 and a 200-day simple moving average of C$5.21. The company has a quick ratio of 1.39, a current ratio of 1.89 and a debt-to-equity ratio of 53.98.

Shawcor (TSE:SCL – Get Rating) last issued its earnings results on Wednesday, March 9th. The company reported C($0.05) earnings per share (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 analyst estimates of C$252.13 million. As a group, sell-side analysts anticipate that Shawcor will post 0.5 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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