ShawCor Ltd. (SCL) PT Set at C$39.00 by TD Securities
ShawCor Ltd. (TSE:SCL) received a C$39.00 price objective from equities research analysts at TD Securities in a report issued on Thursday. The firm presently has a a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 25.85% from the company’s previous close.
SCL has been the subject of several other reports. National Bank Financial raised shares of ShawCor from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$32.00 to C$37.00 in a report on Friday, August 12th. AltaCorp Capital reissued an “outperform” rating on shares of ShawCor in a report on Monday, August 15th.
ShawCor (TSE:SCL) opened at 30.99 on Thursday. ShawCor has a 52-week low of $25.45 and a 52-week high of $35.12. The company’s market cap is $2.00 billion. The firm has a 50-day moving average price of $32.94 and a 200-day moving average price of $31.56.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 30th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, November 16th.
ShawCor Company Profile
ShawCor Ltd. is an energy services company. The Company operates through two business segments: Pipeline and Pipe Services, and Petrochemical and Industrial. The Company’s Pipeline and Pipe Services segment includes the Bredero Shaw, CanusaCPS, Shaw Pipeline Services, Flexpipe Systems, Guardian and Desert NDT divisions.
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