Shaw Communications (TSE:SJR.B) (NYSE:SJR) had its target price dropped by equities research analysts at Royal Bank of Canada from C$30.00 to C$29.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 6.58% from the stock’s previous close.
Several other analysts have also recently issued reports on the stock. 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 on the stock in a research note on Friday. National Bank Financial lowered their target price on shares of Shaw Communications from C$29.00 to C$28.00 and set a “sector perform” rating on the stock in a research note on Friday. Echelon Wealth Partners upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Finally, Scotiabank lowered shares of Shaw Communications from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$32.00 to C$30.00 in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of C$29.11.
Shares of Shaw Communications (TSE SJR.B) opened at C$27.21 on Friday. Shaw Communications has a 52 week low of C$26.48 and a 52 week high of C$30.44. The stock has a market cap of $13,620.00, a P/E ratio of 23.26 and a beta of 0.62.
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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.
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