Brokerages Set Shawcor Ltd. (OTCMKTS:SAWLF) Target Price at $3.08

Shawcor Ltd. (OTCMKTS:SAWLF) has received an average rating of “Buy” from the six research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $3.08.

Several research firms recently weighed in on SAWLF. BMO Capital Markets lifted their target price on Shawcor from $3.25 to $4.00 and gave the company a “market perform” rating in a research report on Tuesday, December 29th. National Bank Financial upgraded Shawcor from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 24th. Finally, Industrial Alliance Securities upgraded Shawcor from a “hold” rating to a “buy” rating in a research report on Monday, December 28th.

Shares of SAWLF traded up $0.12 during trading hours on Tuesday, hitting $3.89. The stock had a trading volume of 20,625 shares, compared to its average volume of 28,580. Shawcor has a 12 month low of $0.44 and a 12 month high of $4.93. The stock has a fifty day moving average price of $3.46 and a 200 day moving average price of $2.49.

Shawcor Company Profile

Shawcor Ltd., an energy services company, provides products and services for the infrastructure, energy, and transportation markets in North America, Latin America, Europe, the Middle East, Africa, Russia, and the Asia Pacific. The company operates through three segments: Pipeline and Pipe Services, Composite Systems, and Automotive and Industrial.

Further Reading: Are sell-side analysts objective?

Analyst Recommendations for Shawcor (OTCMKTS:SAWLF)

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