Insider Selling: Shawcor Ltd. (TSE:SCL) Senior Officer Sells 4714 Shares of Stock – MarketBeat


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Shawcor Ltd. (TSE:SCLGet 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.

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