Posted by admin on May 16th, 2022
Shawcor (OTCMKTS:SAWLF – Get Rating) had its price objective hoisted by Royal Bank of Canada from C$7.00 to C$8.00 in a note issued to investors on Monday, The Fly reports.
Several other brokerages have also weighed in on SAWLF. BMO Capital Markets upgraded Shawcor from a “market perform” rating to an “outperform” rating in a research note on Monday. TD Securities upgraded Shawcor from a “hold” rating to a “buy” rating in a research note on Monday.
Shares of SAWLF stock traded up $0.83 on Monday, hitting $4.34. The company had a trading volume of 5,200 shares, compared to its average volume of 11,341. The company has a 50-day moving average price of $3.96 and a 200-day moving average price of $4.10. Shawcor has a twelve month low of $3.34 and a twelve month high of $5.75.
Shawcor Company Profile (Get Rating)
Shawcor Ltd. operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Systems, Automotive and Industrial, and Pipeline and Pipe Services. The Composite Systems segment manufactures flexible composite and high density polyethylene pipes that are used for oil and gas gathering, water disposal, carbon dioxide injection pipelines, and other applications; fiberglass reinforced plastic underground storage tanks for the retail fuel, water and wastewater, and oil and gas markets; and tubular management services to the Western Canadian onshore oilfield market, including inventory management systems, mobile inspection, in-plant inspection and the refurbishment and rethreading of drill pipe, production tubing and casing, and tubular products.
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