Shawcor Ltd (TSE:SCL) has been given an average rating of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$22.42.
A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada dropped their target price on Shawcor from C$18.00 to C$15.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. TD Securities downgraded shares of Shawcor from a “buy” rating to a “hold” rating and cut their price target for the stock from C$26.00 to C$21.50 in a report on Thursday, November 14th. BMO Capital Markets cut their price target on shares of Shawcor from C$28.00 to C$20.00 in a report on Friday, August 9th. Finally, National Bank Financial decreased their price objective on shares of Shawcor from C$28.50 to C$22.50 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th.
Shares of TSE SCL opened at C$12.53 on Friday. The company has a debt-to-equity ratio of 50.40, a current ratio of 2.00 and a quick ratio of 1.41. The stock’s fifty day moving average price is C$13.19 and its two-hundred day moving average price is C$15.99. Shawcor has a one year low of C$11.60 and a one year high of C$22.46. The firm has a market cap of $906.39 million and a price-to-earnings ratio of 16.71.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.79%. Shawcor’s dividend payout ratio (DPR) is currently 80.00%.
Shawcor Company Profile
Shawcor Ltd., an energy services company, provides products and services for the pipeline, pipe services, petrochemical, and industrial segments of the energy industry in North America, Latin America, Europe, the Middle East, Africa, Russia, and the Asia Pacific. The company operates through two segments, Pipeline and Pipe Services, and Petrochemical and Industrial.
Featured Story: Bollinger Bands
Receive News & Ratings for Shawcor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shawcor and related companies with MarketBeat.com's FREE daily email newsletter.