Shaw Communications (SJR.B) Given New C$28.00 Price Target at CIBC

Shaw Communications (TSE:SJR.B) (NYSE:SJR) had its target price decreased by CIBC from C$31.00 to C$28.00 in a research note issued to investors on Friday morning.

Several other research firms have also issued reports on SJR.B. TD Securities upgraded shares of Shaw Communications from a buy rating to an action list buy rating and set a C$34.00 target price for the company in a report on Friday. Scotiabank lowered shares of Shaw Communications from an outperform rating to a sector perform rating and lowered their target price for the stock from C$32.00 to C$30.00 in a report on Thursday, October 12th. Royal Bank of Canada lowered their target price on shares of Shaw Communications from C$30.00 to C$29.00 and set an outperform rating for the company in a report on Friday. Echelon Wealth Partners upgraded shares of Shaw Communications from a hold rating to a buy rating in a report on Friday, October 27th. Finally, National Bank Financial lowered their target price on shares of Shaw Communications from C$30.00 to C$29.00 and set a sector perform rating for the company in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of C$29.10.

Shaw Communications (TSE SJR.B) traded up C$0.15 during trading on Friday, hitting C$27.21. 1,680,000 shares of the stock traded hands, compared to its average volume of 978,824. The company has a market cap of $13,620.00, a price-to-earnings ratio of 23.26 and a beta of 0.62. Shaw Communications has a 12-month low of C$26.48 and a 12-month high of C$30.44.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, January 30th. Investors of record on Tuesday, January 30th will be issued a dividend of $0.0988 per share. The ex-dividend date is Friday, January 12th. This represents a $1.19 dividend on an annualized basis and a yield of 4.36%.

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About Shaw Communications

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.

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

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