Shaw Communications (SJR.B) PT Lowered to C$27.00 at National Bank Financial

Shaw Communications (TSE:SJR.B) (NYSE:SJR) had its target price trimmed by National Bank Financial from C$28.00 to C$27.00 in a report released on Tuesday. The firm currently has a sector perform rating on the stock.

Several other research firms have also commented on SJR.B. Scotiabank reduced their price objective on Shaw Communications from C$29.00 to C$28.00 and set a sector perform rating for the company in a research note on Friday, January 12th. Royal Bank of Canada reduced their price objective on Shaw Communications from C$30.00 to C$29.00 and set an outperform rating for the company in a research note on Friday, January 12th. TD Securities upgraded Shaw Communications from a buy rating to an action list buy rating and set a C$34.00 price objective for the company in a research note on Friday, January 12th. CIBC cut their price target on Shaw Communications from C$31.00 to C$28.00 in a research note on Friday, January 12th. Finally, Desjardins cut their price target on Shaw Communications from C$30.50 to C$30.00 in a research note on Friday, January 12th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of C$29.72.

TSE:SJR.B opened at C$26.28 on Tuesday. Shaw Communications has a one year low of C$24.31 and a one year high of C$30.44.



The firm also recently declared a monthly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 27th will be paid a $0.0988 dividend. The ex-dividend date is Thursday, April 12th. This represents a $1.19 dividend on an annualized basis and a yield of 4.51%.

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About Shaw Communications

Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.

Analyst Recommendations for Shaw Communications (TSE:SJR.B)

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