Shawcor (TSE:SCL) Receives New CA$13.00 Price Target at ATB Capital

Shawcor (TSE: SCL – Get an Assessment) had its price target raised by equity research analysts ATB Capital from C$10.50 to C$13.00 in a research note released on Sunday, BayStreet.CA reports. ATB Capital’s target price would suggest a potential upside of 66.03% from the company’s previous close.

Several other research firms have also recently weighed in on SCL. National Bankshares raised its price target on Shawcor shares from C$8.50 to C$12.00 in a report on Friday. Royal Bank of Canada raised its price target on Shawcor shares from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a Monday, May 16 report. TD Securities raised its price target on Shawcor shares from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research note on Sunday. BMO Capital Markets raised its price target on Shawcor shares from C$8.00 to C$12.00 in a research note on Friday. Finally, Atb Cap Markets upgraded Shawcor’s shares from an “sector outperforming” rating to an “outperforming” rating in a Sunday, May 15 report. Seven investment analysts gave the stock a buy rating. Based on data from MarketBeat, the stock has an average buy rating and a consensus target price of C$10.75.

Shawcor share performance

Shares of TSE:SCL opened at C$7.83 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.88 and a debt ratio of 49.80. The company has a market capitalization of C$552.03 million and a PE ratio of -7.81. The company’s 50-day moving average price is C$5.66 and its two-hundred-day moving average price is C$5.58. Shawcor has a 12-month low of C$4.24 and a 12-month high of C$7.97.

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Shawcor (TSE:SCL – Get Rating) last announced its results on Thursday August 11th. The company reported earnings per share of C$0.07 for the quarter, beating analyst consensus estimates of C$0.03 by C$0.04. The company posted revenue of C$307.02 million for the quarter, versus a consensus estimate of C$279.37 million. Equity research analysts expect Shawcor to post earnings per share of 0.7244487 for the current year.

Shawcor Company Profile

(Get an evaluation)

Shawcor Ltd. is a materials science company serving the infrastructure, energy and transportation markets worldwide. It operates through three segments: Composite Systems, Automotive and Industrial, and Pipeline and Conduit Services. The Composite Systems segment manufactures flexible and high-density polyethylene composite pipes that are used for oil and gas gathering, water disposal, carbon dioxide injection pipelines and other applications; fiberglass reinforced plastic underground storage tanks for retail fuel, water and waste water, and oil and gas markets; and tubular management services to the Western Canadian onshore oilfield market, including inventory management systems, mobile inspection, factory inspection, and drill pipe refurbishment and rethreading, production tubes and casings and tubular products.

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Analyst recommendations for Shawcor (TSE: SCL)

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