Analysts Offer Insights on Services Companies: Shaw Communications (NYSE: SJR) and EasyJet (Other OTC: EJTTF)

By Jason Carr

Analysts have been eager to weigh in on the Services sector with new ratings on Shaw Communications (SJRResearch Report) and EasyJet (EJTTFResearch Report).

Shaw Communications (SJR)

In a report released yesterday, Aravinda Galappatthige from Canaccord Genuity maintained a Buy rating on Shaw Communications, with a price target of $27.00. The company’s shares closed last Friday at $16.53.

According to TipRanks.com, Galappatthige is a 1-star analyst with an average return of -0.4% and a 52.4% success rate. Galappatthige covers the Services sector, focusing on stocks such as Cogeco Communications, Corus Entertainment, and Lions Gate Ent Cl A.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shaw Communications with a $20.07 average price target, which is a 23.5% upside from current levels. In a report issued on July 7, RBC Capital also maintained a Buy rating on the stock with a C$24.00 price target.

See today’s analyst top recommended stocks >>

EasyJet (EJTTF)

In a report issued on July 10, Andrew Fincher from J.P. Morgan maintained a Hold rating on EasyJet, with a price target of £7.60. The company’s shares closed last Friday at $7.98.

Currently, the analyst consensus on EasyJet is a Moderate Buy with an average price target of $10.14, implying a 27.1% upside from current levels. In a report issued on June 29, Barclays also maintained a Hold rating on the stock with a p650.00 price target.

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