Shaw Communications (TSE:SJR.B) (NYSE:SJR) had its price objective decreased by stock analysts at Canaccord Genuity from C$30.00 to C$25.00 in a research note issued on Wednesday, BayStreet.CA reports. Canaccord Genuity’s price objective suggests a potential upside of 12.36% from the company’s current price.
SJR.B has been the topic of a number of other reports. National Bank Financial raised Shaw Communications from a “sector perform” rating to an “outperform” rating and decreased their target price for the stock from C$27.00 to C$26.00 in a report on Wednesday. Royal Bank of Canada cut their price target on Shaw Communications from C$29.00 to C$25.00 in a research note on Wednesday, March 18th. TD Securities upgraded Shaw Communications from a “buy” rating to an “action list buy” rating and cut their price target for the stock from C$34.00 to C$32.00 in a research note on Thursday, March 12th. Finally, CIBC cut their price target on Shaw Communications from C$29.00 to C$28.00 in a research note on Tuesday, January 14th.
Shares of Shaw Communications stock opened at C$22.25 on Wednesday. Shaw Communications has a one year low of C$17.77 and a one year high of C$28.10. The stock’s fifty day moving average is C$23.38 and its 200 day moving average is C$25.73. The stock has a market cap of $9.57 billion and a P/E ratio of 16.37. The company has a debt-to-equity ratio of 87.24, a quick ratio of 0.33 and a current ratio of 0.56.
Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.
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