Shaw Communications (NYSE: SJR) had its price target increased by National Bank AG from C$22.00 to C$23.50 in a research report sent to investors on Tuesday morning, StockRatingsNetwork.com reports.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Shaw Communications from C$25.00 to C$27.00 in a research note to investors on Tuesday. Separately, analysts at Desjardins raised their price target on shares of Shaw Communications from C$24.00 to C$25.50 in a research note to investors on Tuesday. Finally, analysts at Scotiabank raised their price target on shares of Shaw Communications from C$26.00 to C$27.00 in a research note to investors on Tuesday. They now have an outperform rating on the stock.
One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $24.65.
Shares of Shaw Communications (NYSE: SJR) opened at 23.70 on Tuesday. Shaw Communications has a one year low of $18.62 and a one year high of $24.96. The stock’s 50-day moving average is currently $22.63. The company has a market cap of $10.893 billion and a P/E ratio of 13.87.
The company also recently announced a monthly dividend, which is scheduled for Thursday, November 28th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.08 per share. This represents a $0.97 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Wednesday, November 13th.
Shaw Communications Inc (NYSE: SJR) is a diversified Canadian communications company.