Shaw Communications (SJR.B) Given New C$29.00 Price Target at Royal Bank of Canada

Shaw Communications (TSE:SJR.B) (NYSE:SJR) had its target price reduced by equities research analysts at Royal Bank of Canada from C$30.00 to C$29.00 in a research note issued on Friday, January 12th. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 11.50% from the stock’s current price.

Several other research firms also recently weighed in on SJR.B. TD Securities raised 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 report on Friday, January 12th. Scotiabank downgraded shares of Shaw Communications from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$32.00 to C$30.00 in a report on Thursday, October 12th. Echelon Wealth Partners raised shares of Shaw Communications from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Finally, National Bank Financial dropped their price objective on shares of Shaw Communications from C$30.00 to C$29.00 and set a “sector perform” rating on the stock in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$29.11.

Shaw Communications (TSE SJR.B) traded down C$0.21 during midday trading on Friday, hitting C$26.01. 1,000,000 shares of the company traded hands, compared to its average volume of 1,050,000. The company has a market cap of $13,050.00, a price-to-earnings ratio of 22.23 and a beta of 0.53. Shaw Communications has a 1 year low of C$26.01 and a 1 year high of C$30.44.

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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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