National Bank Upgrades Shaw Communications (SJR) to Buy

By Ryan Adsit

Shaw Communications (SJRResearch Report) received a Buy rating and a C$26.00 price target from National Bank analyst Adam Shine today. The company’s shares closed last Monday at $14.73.

According to TipRanks.com, Shine is ranked #3630 out of 6165 analysts.

Currently, the analyst consensus on Shaw Communications is a Strong Buy with an average price target of $19.98, which is a 48.1% upside from current levels. In a report issued on March 12, TD Securities also upgraded the stock to Buy with a C$32.00 price target.

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Shaw Communications’ market cap is currently $6.2B and has a P/E ratio of 11.90. The company has a Price to Book ratio of -4.20.

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Shaw Communications, Inc. engages in the provision of cable telecommunications and satellite video services. The company was founded by James Robert Shaw on December 9, 1966 and is headquartered in Calgary, Canada.