Shawcor (OTCMKTS:SAWLF) Lifted to “Buy” at Industrial Alliance Securities

Industrial Alliance Securities upgraded shares of Shawcor (OTCMKTS:SAWLF) from a hold rating to a buy rating in a report released on Monday, The Fly reports.

Several other analysts have also commented on SAWLF. TD Securities lifted their price objective on Shawcor from $4.25 to $6.00 and gave the stock a hold rating in a report on Friday, March 12th. BMO Capital Markets boosted their price target on Shawcor from $4.25 to $8.50 and gave the company a market perform rating in a report on Friday, March 12th. Royal Bank of Canada boosted their price target on Shawcor from $7.50 to $8.50 and gave the company an outperform rating in a report on Thursday, March 11th. Finally, National Bank Financial raised Shawcor from a sector perform rating to an outperform rating in a report on Thursday, December 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $6.31.

Shares of SAWLF opened at $4.28 on Monday. Shawcor has a one year low of $0.98 and a one year high of $6.15. The business has a fifty day moving average of $4.47 and a 200 day moving average of $3.03.

About Shawcor

Shawcor Ltd., an energy services company, provides products and services for the infrastructure, energy, and transportation markets in Canada, the United States, 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.

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