The stock of Shawcor Ltd (TSE:SCL) is a huge mover today! About 28,473 shares traded hands. Shawcor Ltd (TSE:SCL) has declined 1.37% since April 27, 2016 and is downtrending. It has underperformed by 7.30% the S&P500.
The move comes after 8 months positive chart setup for the $2.31B company. It was reported on Dec, 1 by Barchart.com. We have $37.13 PT which if reached, will make TSE:SCL worth $207.90 million more.
Shawcor Ltd (TSE:SCL) Ratings Coverage
Out of 2 analysts covering Shawcor Ltd (TSE:SCL), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $42 is the highest target while $32 is the lowest. The $35.50 average target is 4.23% above today’s ($34.06) stock price. Shawcor Ltd has been the topic of 5 analyst reports since August 7, 2015 according to StockzIntelligence Inc. BMO Capital Markets maintained the shares of SCL in a report on Monday, August 10 with “Outperform” rating. TD Securities maintained it with “Buy” rating and $42 target price in Friday, August 7 report. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, August 7.
More notable recent Shawcor Ltd (TSE:SCL) news were published by: Globenewswire.com which released: “Shawcor Ltd. Acquires Lake Superior Consulting” on January 05, 2016, also Prnewswire.com with their article: “ShawCor Ltd. To Acquire Desert NDT LLC” published on May 08, 2014, Globenewswire.com published: “Shawcor Ltd. Acquires Flint Field Services’ Tubular Inspection & Management …” on November 26, 2015. More interesting news about Shawcor Ltd (TSE:SCL) were released by: Reuters.com and their article: “BRIEF-Shawcor Ltd posts Q3 loss per share C$2.69” published on November 09, 2016 as well as Fool.ca‘s news article titled: “ShawCor Ltd.’s Global Approach Suggests a Long-Term Buying Opportunity” with publication date: March 09, 2015.
Shawcor Ltd is a Canada-based energy services company. The company has a market cap of $2.31 billion. The Firm is engaged in designing, engineering, marketing and selling services and products, such as pipe coating services; flexible composite pipe; onshore and offshore pipeline corrosion and thermal protection; ultrasonic and radiographic inspection services; tubular management services; heat-shrinkable polymer tubing, and control and instrumentation wire and cable. It has a 63.62 P/E ratio. The Firm operates through the following divisions: Pipeline and Pipe Services, and Petrochemical and Industrial.
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