The CIBC Increases Shaw Communications Inc (SJR.B) Price Target to C$28.00

The CIBC Increases Shaw Communications Inc (SJR.B) Price Target to C$28.00

Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) had its price target lifted by CIBC from C$27.00 to C$28.00 in a research report released on Friday morning.

Other research analysts have also recently issued reports about the stock. Scotiabank reaffirmed an outperform rating and set a C$29.00 price target on shares of Shaw Communications in a research report on Tuesday, November 22nd. Royal Bank Of Canada raised shares of Shaw Communications from a sector perform rating to an outperform rating and lifted their price target for the company from C$26.00 to C$29.00 in a research report on Monday, January 9th. Barclays PLC lifted their price target on shares of Shaw Communications from C$27.00 to C$29.00 and gave the company an equal weight rating in a research report on Friday, January 13th. TD Securities reaffirmed a buy rating and set a C$29.00 price target on shares of Shaw Communications in a research report on Thursday, November 3rd. Finally, Desjardins reduced their price target on shares of Shaw Communications from C$30.00 to C$29.50 and set a buy rating on the stock in a research report on Thursday, November 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Shaw Communications presently has an average rating of Buy and a consensus target price of C$28.00.

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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