Scotiabank Believes Shaw Comm Cl B NV (TSX: SJR.B) Won’t Stop Here

By Carrie Williams

Shaw Comm Cl B NV (TSX: SJR.B), the Services sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Jeff Fan from Scotiabank rated Shaw Comm Cl B NV (TSX: SJR.B) a Buy, setting a C$32 price target.

According to TipRanks.com, Fan is a 4-star analyst with an average return of 7.0% and a 82.6% success rate. Fan covers the Technology sector, focusing on stocks such as Rogers Communication, BCE Inc, and Verizon.

Currently, the analyst consensus on Shaw Comm Cl B NV is Moderate Buy and the average price target is C$30.58, representing a 1.2% upside.

In a report issued on June 14, RBC Capital also reiterated a Buy rating on the stock with a C$31 price target.

The company has a one year high of C$30.40 and a one year low of C$24.27. Currently, Shaw Comm Cl B NV has an average volume of 878.9K.

Shaw Communications, Inc. operates as a communications and media company, which engages in the provision of consumers with broadband cable television, internet, home phone, telecommunications services, satellite direct-to-home services, and engaging programming content. It operates through the following segments: Consumer, Business Network Services, Business Infrastructure Services and Media. The Consumer segment includes telephone companies, local exchange carriers, non-facilities-based Voice over Internet Protocol and wireless providers. The Business Network Services segment offers data and video transport and internet connectivity services to businesses. The Business Infrastructure Services segment comprises information technology services business which operates in market that includes telecommunications companies, carriers, managed services providers, large real estate investment trusts, and data centre operators. The Media segment involves in the television business and advertising markets. The company was founded by James Robert Shaw on December 9, 1966 and is headquartered in Calgary, Canada.

The company’s shares closed last Wednesday at $30.23, close to its 52-week high of $30.40.