Shawcor Ltd (SCL) Stock Rating Upgraded by National Bank Financial

Shawcor Ltd (TSE:SCL) was upgraded by research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a note issued to investors on Wednesday. The firm currently has a C$35.00 price target on the stock, up from their previous price target of C$27.00. National Bank Financial’s price objective points to a potential upside of 22.63% from the company’s current price. 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 firms also recently commented on SCL. TD Securities set a C$33.00 target price on Shawcor and gave the company a “buy” rating in a research report on Saturday, September 23rd. BMO Capital Markets dropped their target price on 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 given a strong buy rating to the company’s stock. Shawcor presently has a consensus rating of “Buy” and an average price target of C$36.60.

Shares of Shawcor (SCL) opened at 28.54 on Wednesday. The firm’s 50-day moving average price is $26.39 and its 200 day moving average price is $29.71. The company’s market capitalization is $2.00 billion. Shawcor has a one year low of $24.20 and a one year 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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