Desjardins Trims Shaw Communications (SJR.B) Target Price to C$30.00
Shaw Communications (TSE:SJR.B) (NYSE:SJR) had its price objective cut by equities research analysts at Desjardins from C$30.50 to C$30.00 in a research report issued on Friday. Desjardins’ target price suggests a potential upside of 10.25% from the stock’s current price.
Several other brokerages have also issued reports on SJR.B. TD Securities boosted their target price on shares of Shaw Communications from C$33.00 to C$34.00 and gave the company a “buy” rating in a research report on Friday, December 1st. Royal Bank of Canada cut 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 report on Friday. National Bank Financial cut their target price on shares of Shaw Communications from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Friday. Echelon Wealth Partners upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Finally, Scotiabank downgraded shares of Shaw Communications from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$32.00 to C$30.00 in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Shaw Communications presently has an average rating of “Hold” and an average price target of C$29.11.
Shares of Shaw Communications (SJR.B) opened at C$27.21 on Friday. The stock has a market cap of $13,620.00, a P/E ratio of 23.26 and a beta of 0.62. Shaw Communications has a 12-month low of C$26.48 and a 12-month high of C$30.44.
About Shaw Communications
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.
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