Kevin Dominic Reizer, Shawcor Ltd Senior Officer (TSE:SCL – Get Rating), sold 15,902 shares of Shawcor in a transaction on Tuesday September 20th. The shares were sold at an average price of $8.20 for a total transaction of $130,466.37. Following the closing of the sale, the insider now owns 12,127 shares of the company’s shares, valued at $99,494.76.
Shawcor price performance
Shares of SCL stock fell C$0.67 on Friday midday to reach C$7.75. 514,390 shares of the Company were exchanged compared to an average volume of 259,148. The company’s 50-day moving average price is $6.90 and its 200-day moving average price is $5.95. The company has a market cap of CA$546.44 million and a P/E of -7.73. The company has a debt to equity ratio of 49.80, a quick ratio of 1.29 and a current ratio of 1.88. Shawcor Ltd. has a 12-month low of $4.24 and a 12-month high of $8.75.
Shawcor (TSE:SCL – Get Rating) last reported its quarterly earnings data on Thursday, August 11th. The company reported earnings per share (EPS) of $0.07 for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of CA$307.02 million for the quarter compared to analyst estimates of CA$279.37 million. On average, sell-side analysts expect Shawcor Ltd. will report year-to-date earnings per share of 1.7200001.
Wall Street analysts forecast growth
Several analysts recently rated SCL stock. BMO Capital Markets raised its price target on Shawcor shares to $12.00 from $8.00 in a research report on Friday, August. ATB Capital raised its price target on Shawcor shares to CAD13.00 from CAD10.50 in a research report on Sunday, August 21. TD Securities raised its target price on Shawcor shares to CAD12.00 from CAD11.00 and issued a research report on Tuesday, September 13th with a “buy” rating of the company. The Royal Bank of Canada raised its target price on Shawcor shares to CAD12.00 from CAD8.00 and gave the stock a “Outperform” rating in a research report on Tuesday, September. Finally, National Bankshares raised its target price on Shawcor shares to $12.00 from $8.50 and rated the stock as “Outperform” in a research report on Friday, August 19. Seven equity analysts have given the stock a buy rating. According to data from MarketBeat.com, Shawcor currently has an average rating of Buy and a consensus price target of $11.58.
Company profile of Shawcor
Shawcor Ltd. is a materials science company serving 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 pipe and high-density polyethylene tubing used in oil and gas production, water disposal, carbon dioxide injection lines and other applications; underground storage tanks of fiberglass reinforced plastic for retail fuel, water and sewage, and oil and gas retail; and tubing management services for the western Canadian onshore oilfield market, including inventory management systems, mobile inspection, in-plant inspection, and the reconditioning and relining of drill pipe, production tubing and casing, and tubular products.
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