Shawcor Ltd (TSE:SCL.A) Rating Reaffirmed
RBC Capital Markets now has a $36.00 TP on shares of Shawcor Ltd (TSE:SCL.A). The TP indicates a potential upside of 24.83% from the last close price of Shawcor Ltd (TSE:SCL.A). This rating was announced in recent note on Friday morning.
From a total of 4 analysts covering Shawcor Ltd. (TSE:SCL.A) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is $40 while the lowest target price is $36. The mean of all analyst targets is $37.25 with a 30.47% above today’s ($28.55) stock price. Shawcor Ltd. was the topic of 5 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 27 with “Sector Perform” rating.
The stock decreased 1.92% or $0.56 on November 27, striking $28.55. Approximately 63,353 shares of stock traded hands. ShawCor Ltd. (TSE:SCL.A) has risen 6.00% since October 29, 2015 and is uptrending. It has outperformed by 6.89% the S&P500.
ShawCor Ltd. is an energy services company. The company has a market cap of $1.84 billion. The Firm operates through two business divisions: Pipeline and Pipe Services, and Petrochemical and Industrial. It has 39.69 P/E ratio. The Pipeline and Pipe Services segment includes the Bredero Shaw, CanusaCPS, Shaw Pipeline Services, Flexpipe Systems, Guardian, Socotherm and Desert NDT divisions.