Shawcor Ltd. (TSE:SCL) Senior Officer sells 15,902 shares of stock. –


On September 20, Kevin Dominic Reizer, Senior Officer at Shawcor Ltd., sold 15,902 Shawcor shares. You can buy and sell Shawcor (TSE: SCL) shares on the Toronto Stock Exchange. At an average selling price of $8.20 per share, the total consideration was $130,466. There was a transaction involving 37 shares in the market. As a result of the transaction, the insider now owns 12,127 shares of the company, which are valued at $99,494.76 per share.

On August 11, a Thursday, Shawcor (TSE: SCL) presented its latest quarterly report. This report covers the last quarter. The company reported earnings per share (EPS) of CA$0.07 for the quarter, up CA$0.04 from the consensus estimate of CA$0.03. In addition, revenue for the quarter was significantly higher than the consensus estimate of CA$279.37 million and came in at $307.02 million instead of that amount. As a result, sell-side analysts believe Shawcor Ltd. will earn 1.7200001 cents per share this fiscal year.
A number of market observers have recently provided comment on SCL stock. BMO Capital Markets’ target price for Shawcor stock has increased from $8.00 to $12.00, according to a research report released to the public on Friday, August 19 was made available. In a research report published on August 21, ATB Capital said that they would increase their price target on Shawcor shares to $13.00 from $10.50. In a research note published on Tuesday, September 13, TD Securities upgraded Shawcor to a “buy” rating and increased its price target on the stock to $13.00 from $11.00. In a research note published on Tuesday, September 13, the Royal Bank of Canada raised both the “Outperform” rating it previously assigned to Shawcor shares and its price target on the company’s shares from C8.00 $ to C$12.00. Both changes have been made. Finally, National Bankshares increased its price target for Shawcor shares to $12.00 from $8.50, giving the stock a “Outperform” rating in a research report published on Friday, August 19. This was the company’s last step, but certainly not the least. There have been seven different stock research professionals who have expressed support for buying the stock. According to data provided by Bloomberg.com, the current median rating for Shawcor is Buy and the consensus price target for the company is $11.58. Additionally, the information indicates that the target price for the company is CAD$11.58.

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Shares of SCL were down $0.67 during Friday’s midday session, taking the price to CAD$7.75 per share. The number of shares issued by the company was traded at a volume of 514,390, well above the usual volume of 259,148. The 50-day and 200-day moving averages of the company’s stock price currently stand at $6.90 and $5.95, respectively. The company’s market value is equivalent to CA$546.44 million while the price-to-earnings ratio is -7.73. A leverage ratio is 49.80, a fast ratio is 1.29, a current ratio is 1.88, and a fast ratio is 1.29. Over the past 12 months, Shawcor Ltd.’s share price has fluctuated. between a low of CAD$4.24 and a high of CAD$8.75.

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Customers in the global infrastructure, energy and transportation markets are served by Shawcor Ltd., a materials science company. The company offers its products and services to these customers. Composite Systems, Automotive and Industrial and Pipeline & Pipe Services are the company’s three independent business units. The company is organized in this way for organizational reasons. For example, the Composite Systems division manufactures pipes from flexible composite material and high-density polyethylene. These tubes are used for a variety of applications such as: These include oil and gas collection, water disposal, carbon dioxide injection pipelines and more. In addition, it is involved in the production of underground tanks made of glass fiber reinforced plastic for the petrol station trade. These tanks are also sold to the water and wastewater, oil and gas, and pipe management markets in Western Canada’s onshore oilfield markets.

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