Yesterday, an analyst has provided a rating update for the Consumer Goods sector company, ShawCor (SCL). AltaCorp Captial’s analyst Tim Monachello reiterates their Buy rating on the shares, with a C$27 price target.
According to TipRanks.com, Monachello has 0 stars on 0-5 star ranking scale with an average return of -21.3% and a 14.6% success rate. Monachello covers the Basic Materials sector, focusing on stocks such as High Arctic Energy Services Inc, Essential Energy Services Ltd, and Exterran Corporation.
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ShawCor has an analyst consensus of Moderate Buy, with a price target consensus of C$27.50.
Based on ShawCor’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$9.07 million. In comparison, last year the company had a net profit of C$5.21 million.
ShawCor Ltd. engages in the provision of products and services for the pipeline and pipe services of the oil and gas industry and related products for petrochemical and industrial markets. It operates through the Pipeline and Pipe Services and Petrochemical and Industrial segments.
The company’s shares closed on Tuesday at C$17.46.
