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

Shaw Communications (TSE:SJR.B) (NYSE:SJR) had its price objective lowered by investment analysts at CIBC from C$31.00 to C$28.00 in a research report issued to clients and investors on Friday. CIBC’s price target points to a potential upside of 2.90% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. National Bank Financial dropped 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 report on Friday. 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 report on Friday. Royal Bank of Canada dropped their target price on shares of Shaw Communications from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a report on Friday. Desjardins dropped their target price on shares of Shaw Communications from C$30.50 to C$30.00 in a report on Friday. Finally, Echelon Wealth Partners upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$29.11.

Shaw Communications (TSE SJR.B) opened at C$27.21 on Friday. Shaw Communications has a 1-year low of C$26.48 and a 1-year high of C$30.44. The stock has a market cap of $13,620.00, a PE ratio of 23.26 and a beta of 0.62.

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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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