Shaw Communications Inc (SJR.B) Receives Consensus Rating of “Buy” from Analysts

Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) has been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$30.65.

A number of research firms recently issued reports on SJR.B. CIBC lifted their price target on Shaw Communications from C$31.00 to C$32.00 in a report on Tuesday, January 15th. Desjardins lifted their price target on Shaw Communications from C$31.00 to C$32.00 in a report on Tuesday, January 15th. TD Securities lifted their price target on Shaw Communications from C$33.00 to C$34.00 and gave the company an “action list buy” rating in a report on Wednesday, December 12th. BMO Capital Markets lifted their price target on Shaw Communications from C$27.00 to C$28.00 in a report on Tuesday, January 15th. Finally, Royal Bank of Canada lifted their price target on Shaw Communications from C$29.00 to C$30.00 in a report on Tuesday, January 15th.

SJR.B traded down C$0.14 during trading on Monday, reaching C$27.00. 1,027,415 shares of the company’s stock were exchanged, compared to its average volume of 1,000,000. Shaw Communications has a fifty-two week low of C$24.31 and a fifty-two week high of C$30.44. The company has a debt-to-equity ratio of 88.07, a current ratio of 0.71 and a quick ratio of 0.55. The company has a market capitalization of $13.11 billion and a P/E ratio of 110.66.

The business also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th will be paid a $0.0988 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 4.39%. Shaw Communications’s dividend payout ratio (DPR) is presently 487.70%.

In related news, Senior Officer Jeffrey Mehr sold 40,000 shares of the stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of C$27.17, for a total value of C$1,086,800.00. Following the sale, the insider now owns 7,230 shares in the company, valued at approximately C$196,439.10. Also, Director Bradley Shaw sold 300,000 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of C$27.14, for a total value of C$8,142,420.00. Following the completion of the sale, the director now owns 4,501 shares in the company, valued at approximately C$122,163.44. In the last ninety days, insiders have sold 365,000 shares of company stock valued at $9,904,470.

Shaw Communications Company Profile

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

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