Scotiabank Trims Shaw Communications (SJR.B) Target Price to C$28.00

Shaw Communications (TSE:SJR.B) (NYSE:SJR) had its target price decreased by equities research analysts at Scotiabank from C$29.00 to C$28.00 in a research report issued to clients and investors on Friday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 3.05% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. National Bank Financial reduced their price objective on shares of Shaw Communications from C$30.00 to C$29.00 and set a “sector perform” rating for the company in a research note on Friday, October 27th. Royal Bank of Canada reduced their price objective on shares of Shaw Communications from C$31.00 to C$30.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Echelon Wealth Partners upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. TD Securities raised their price objective on shares of Shaw Communications from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Finally, Desjardins reduced their price objective on shares of Shaw Communications from C$30.50 to C$30.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$29.10.

Shares of Shaw Communications (SJR.B) traded up C$0.11 during trading on Friday, hitting C$27.17. 1,050,000 shares of the company traded hands, compared to its average volume of 978,824. The company has a market cap of $13,600.00, a price-to-earnings ratio of 23.22 and a beta of 0.62. Shaw Communications has a 52 week low of C$26.48 and a 52 week high of C$30.44.

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Shaw Communications Company Profile

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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