Insider Selling: Shawcor Ltd. (TSE:SCL) Senior Officer Sells 15,902 Shares of Stock

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.

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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, Shawcor currently has an average rating of Buy and a consensus price target of $11.58.

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Company profile of Shawcor

(received rating)

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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Further reading

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected]

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