BMO Capital Markets Cuts Shaw Communications (SJR.B) Price Target to C$27.00

Shaw Communications (TSE:SJR.B) (NYSE:SJR) had its price objective decreased by BMO Capital Markets from C$28.00 to C$27.00 in a report published on Friday.

SJR.B has been the subject of several other research reports. Royal Bank of Canada decreased their price objective on shares of Shaw Communications from C$30.00 to C$29.00 and set an outperform rating for the company in a research note on Monday, July 2nd. National Bank Financial decreased their price objective on shares of Shaw Communications from C$28.00 to C$27.00 and set a sector perform rating for the company in a research note on Friday, September 21st. TD Securities decreased their price objective on shares of Shaw Communications from C$33.00 to C$32.00 and set an action list buy rating for the company in a research note on Wednesday, September 5th. Finally, Cormark increased their price objective on shares of Shaw Communications from C$30.25 to C$31.00 in a research note on Friday. Two equities research 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. Shaw Communications currently has an average rating of Buy and an average target price of C$30.00.

TSE:SJR.B opened at C$24.08 on Friday. Shaw Communications has a 52 week low of C$24.31 and a 52 week high of C$30.44.



The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 30th. Shareholders of record on Tuesday, October 30th will be paid a $0.0988 dividend. The ex-dividend date of this dividend is Friday, October 12th. This represents a $1.19 annualized dividend and a yield of 4.92%.

Shaw Communications Company Profile

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.

Further Reading: Calculate Your Return on Investment (ROI)

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

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