Shawcor (TSE:SCL) Given New C$22.00 Price Target at Royal Bank of Canada

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Shawcor (TSE:SCL) had its target price boosted by Royal Bank of Canada from C$21.00 to C$22.00 in a report published on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research firms also recently issued reports on SCL. TD Securities boosted their price target on Shawcor from C$26.00 to C$27.00 and gave the company a buy rating in a research report on Friday, August 9th. BMO Capital Markets lowered their price target on Shawcor from C$28.00 to C$20.00 in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of C$26.25.

SCL stock opened at C$16.51 on Monday. The firm’s 50-day moving average price is C$17.39. Shawcor has a 12-month low of C$15.11 and a 12-month high of C$28.89. The company has a debt-to-equity ratio of 22.70, a quick ratio of 1.29 and a current ratio of 1.78. The stock has a market capitalization of $1.19 billion and a P/E ratio of 89.24.

Shawcor (TSE:SCL) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C($0.02) by C$0.07. The firm had revenue of C$349.58 million for the quarter, compared to analysts’ expectations of C$348.37 million. Equities analysts predict that Shawcor will post 1.1 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Monday, August 19th. Shawcor’s payout ratio is 324.32%.

About Shawcor

Shawcor Ltd., an energy services company, provides products and services for the pipeline, pipe services, petrochemical, and industrial segments of the energy industry in North America, Latin America, Europe, the Middle East, Africa, Russia, and the Asia Pacific. The company operates through two segments, Pipeline and Pipe Services, and Petrochemical and Industrial.

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