Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Shawcor Ltd. (TSE:SCL – Get Rating) Senior Officer Simon Laurence Dewey sold 4,714 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of C$11.66, for a total value of C$54,965.24. Following the sale, the insider now directly owns 24,526 shares of the company’s stock, valued at C$285,973.16.
Shawcor Trading Up 1.6 %
Shares of Shawcor stock traded up C$0.19 during trading on Thursday, reaching C$12.07. 106,338 shares of the company were exchanged, compared to its average volume of 267,638. The company has a quick ratio of 1.29, a current ratio of 1.88 and a debt-to-equity ratio of 49.80. Shawcor Ltd. has a twelve month low of C$4.24 and a twelve month high of C$12.10. The business has a 50-day moving average price of C$9.55 and a 200-day moving average price of C$7.38. The firm has a market capitalization of C$848.71 million and a price-to-earnings ratio of -12.03.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on SCL. TD Securities cut Shawcor from a “buy” rating to a “hold” rating and lifted their target price for the company from C$12.00 to C$13.00 in a research note on Tuesday, November 15th. Royal Bank of Canada lifted their target price on Shawcor from C$11.00 to C$15.00 and gave the company an “outperform” rating in a research note on Tuesday, November 15th. National Bankshares lifted their target price on Shawcor from C$12.00 to C$14.00 in a research note on Tuesday, November 15th. ATB Capital lifted their target price on Shawcor from C$14.00 to C$16.75 in a research note on Tuesday, November 15th. Finally, BMO Capital Markets lifted their target price on Shawcor from C$12.00 to C$15.00 in a research note on Tuesday, November 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.75.
About Shawcor
(Get Rating)
Shawcor Ltd. operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Systems, Automotive and Industrial, and Pipeline and Pipe Services. The Composite Systems segment manufactures flexible composite and high density polyethylene 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 the retail fuel, water and wastewater, and oil and gas markets; and tubular management services to the Western Canadian onshore oilfield market, including inventory management systems, mobile inspection, in-plant inspection and the refurbishment and rethreading of drill pipe, production tubing and casing, and tubular products.
See Also
- Microsoft Shares: Is it Time to Back Up the Truck?
- Is the 60/40 Portfolio Mix Still in Vogue?
- Institutional Support for Analog Devices Remains High
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Three CBD Stocks to Dominate a Budding Industry
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Shawcor, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Shawcor wasn’t on the list.
While Shawcor currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
As Featured By:
326 E 8th St #105, Sioux Falls, SD 57103
contact@marketbeat.com
(844) 978-6257
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
