Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) had its target price hoisted by TD Securities from C$28.00 to C$31.00 in a research report released on Friday morning. They currently have a buy rating on the stock.
A number of other brokerages have also issued reports on SJR.B. Desjardins lowered Shaw Communications from a buy rating to a hold rating and cut their price target for the stock from C$29.50 to C$28.00 in a research note on Wednesday, December 21st. Scotiabank reiterated an outperform rating and issued a C$29.00 price target on shares of Shaw Communications in a research note on Tuesday, November 22nd. Royal Bank Of Canada upgraded Shaw Communications from a sector perform rating to an outperform rating and increased their price target for the stock from C$26.00 to C$29.00 in a research note on Monday, January 9th. Barclays PLC increased their price target on Shaw Communications from C$27.00 to C$29.00 and gave the stock an equal weight rating in a research note on Friday, January 13th. Finally, CIBC increased their price target on Shaw Communications from C$27.00 to C$28.00 in a research note on Friday, January 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Shaw Communications presently has an average rating of Buy and a consensus price target of C$28.00.
About Shaw Communications
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.