Shawcor (SCL) PT Lowered to C$27.00

Shawcor (TSE:SCL) had its price objective decreased by research analysts at TD Securities from C$30.00 to C$27.00 in a research note issued on Wednesday. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 25.00% from the stock’s previous close.

Separately, Industrial Alliance Securities reduced their price objective on shares of Shawcor from C$34.00 to C$33.00 in a research note on Thursday, September 27th.

Shares of Shawcor stock opened at C$21.60 on Wednesday. Shawcor has a 12-month low of C$21.12 and a 12-month high of C$29.50.

Shawcor (TSE:SCL) last announced its quarterly earnings data on Thursday, August 9th. The company reported C$0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.08. The firm had revenue of C$357.89 million for the quarter, compared to analyst estimates of C$336.20 million.

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 worldwide. It operates in two segments, Pipeline and Pipe Services, and Petrochemical and Industrial. The company offers pipe coating, insulation coating, and weight coating systems, as well as custom coating and field joint application services for onshore and offshore pipelines; ultrasonic and radiographic pipeline girth weld inspection services for pipeline operators and construction contractors; manufactures and sells heat shrinkable sleeves, adhesives, and liquid coatings for pipeline joint protection applications; and designs and assembles engineered pipe logistics products and services.

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