Shawcor Ltd (SCL) Upgraded to Outperform by National Bank Financial

National Bank Financial upgraded shares of Shawcor Ltd (TSE:SCL) from a sector perform rating to an outperform rating in a research report released on Wednesday morning. They currently have C$35.00 target price on the stock, up from their previous target price of C$27.00. National Bank Financial also issued estimates for Shawcor’s FY2017 earnings at $1.14 EPS, FY2019 earnings at $1.54 EPS and FY2020 earnings at $1.83 EPS.

Several other research analysts also recently commented on the stock. TD Securities set a C$33.00 price objective on shares of Shawcor and gave the company a buy rating in a report on Saturday, September 23rd. BMO Capital Markets decreased their target price on shares of Shawcor from C$42.00 to C$36.00 in a research report on Monday, August 14th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of C$36.60.

Shawcor (SCL) traded down 3.31% on Wednesday, hitting $28.62. The stock had a trading volume of 70,732 shares. The firm’s market cap is $2.00 billion. The company’s 50 day moving average price is $26.29 and its 200 day moving average price is $29.72. Shawcor has a 52-week low of $24.20 and a 52-week high of $39.95.

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About Shawcor

Shawcor Ltd is a Canada-based energy services company. The Company is engaged in designing, engineering, marketing and selling products and services, such as pipe coating services; flexible composite pipe; onshore and offshore pipeline corrosion and thermal protection; ultrasonic and radiographic inspection services; tubular management services; heat-shrinkable polymer tubing, and control and instrumentation wire and cable.

Analyst Recommendations for Shawcor (TSE:SCL)

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