ShawCor (SCL) has received a rating update from a Wall Street analyst on May 20. Analyst Tim Monachello from AltaCorp Captial rated ShawCor (SCL) a Buy on May 20, setting a C$27.50 price target.
According to TipRanks.com, Monachello ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -18.8% and a 23.4% 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$27.75, which is a 49.7% upside from current levels. In a report issued on May 16, BMO Capital also reiterated a Buy rating on the stock with a C$28 price target.
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The company has a one-year high of C$28.89 and a one-year low of C$15.11. Currently, ShawCor has an average volume of 101.2K.
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$18.54.
