Shaw Communications (SJR.B) Price Target Lowered to C$28.00 at Scotiabank

Shaw Communications (TSE:SJR.B) (NYSE:SJR) had its target price cut by Scotiabank from C$29.00 to C$28.00 in a research report sent to investors on Friday morning. They currently have a sector perform rating on the stock.

Several other research firms have also recently issued reports on SJR.B. TD Securities upgraded shares of Shaw Communications from a buy rating to an action list buy rating and set a C$34.00 target price for the company in a research note on Friday. Royal Bank of Canada decreased their target price on shares of Shaw Communications from C$30.00 to C$29.00 and set an outperform rating for the company in a research note on Friday. Echelon Wealth Partners upgraded shares of Shaw Communications from a hold rating to a buy rating in a research note on Friday, October 27th. National Bank Financial decreased their target price on shares of Shaw Communications from C$30.00 to C$29.00 and set a sector perform rating for the company in a research note on Friday, October 27th. Finally, Desjardins decreased their target price on shares of Shaw Communications from C$30.50 to C$30.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of C$29.10.

Shaw Communications (TSE:SJR.B) traded up C$0.15 on Friday, hitting C$27.21. 1,680,000 shares of the company traded hands, compared to its average volume of 978,824. Shaw Communications has a 1 year low of C$26.48 and a 1 year high of C$30.44. The firm has a market cap of $13,620.00, a PE ratio of 23.26 and a beta of 0.62.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 30th will be given a dividend of $0.0988 per share. This represents a $1.19 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Friday, January 12th.

COPYRIGHT VIOLATION NOTICE: “Shaw Communications (SJR.B) Price Target Lowered to C$28.00 at Scotiabank” was originally reported by Markets Daily and is owned by of Markets Daily. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://www.themarketsdaily.com/2018/01/14/shaw-communications-sjr-b-price-target-lowered-to-c28-00-at-scotiabank.html.

Shaw Communications Company Profile

Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.

Analyst Recommendations for Shaw Communications (TSE:SJR.B)

Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply