Shaw Communications (SJR) Given a $28.00 Price Target by Canaccord Genuity Analysts

Shaw Communications (NYSE:SJR) (TSE:SJR.B) has been assigned a $28.00 price objective by investment analysts at Canaccord Genuity in a report released on Thursday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 28.56% from the company’s previous close.

SJR has been the subject of several other reports. Zacks Investment Research lowered Shaw Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Bank of America reissued a “neutral” rating and issued a $32.00 price target on shares of Shaw Communications in a research report on Tuesday, December 5th. Scotiabank lowered Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. TheStreet raised Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. Finally, Barclays upped their target price on Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Shaw Communications currently has an average rating of “Hold” and a consensus target price of $27.00.

Shaw Communications (NYSE SJR) traded up $0.21 on Thursday, hitting $21.78. The stock had a trading volume of 1,034,500 shares, compared to its average volume of 725,933. The company has a market cap of $10,377.21, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 4.59 and a beta of 0.95. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70. Shaw Communications has a 52-week low of $20.13 and a 52-week high of $23.44.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Shaw Communications had a return on equity of 9.89% and a net margin of 17.34%. research analysts forecast that Shaw Communications will post 0.95 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Shaw Communications by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 10,078,962 shares of the company’s stock valued at $219,621,000 after buying an additional 468,447 shares in the last quarter. Mawer Investment Management Ltd. increased its position in Shaw Communications by 3.9% during the 3rd quarter. Mawer Investment Management Ltd. now owns 9,876,821 shares of the company’s stock valued at $227,473,000 after buying an additional 368,387 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Shaw Communications by 107.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,165,209 shares of the company’s stock valued at $188,295,000 after buying an additional 4,235,803 shares in the last quarter. CIBC Asset Management Inc increased its position in Shaw Communications by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 7,204,929 shares of the company’s stock valued at $165,401,000 after buying an additional 234,868 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Shaw Communications by 93.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,467,795 shares of the company’s stock valued at $97,336,000 after buying an additional 2,157,463 shares in the last quarter. 52.48% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Shaw Communications (NYSE:SJR)

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