Shaw Communications (SJR.B) PT Lowered to C$28.00 at CIBC

Shaw Communications (TSE:SJR.B) (NYSE:SJR) had its price target reduced by CIBC from C$31.00 to C$28.00 in a report released on Friday.

Several other equities research analysts have also commented on the stock. Scotiabank lowered shares of Shaw Communications from an outperform rating to a sector perform rating and reduced their price target for the company from C$32.00 to C$30.00 in a report on Thursday, October 12th. TD Securities boosted their price target on shares of Shaw Communications from C$33.00 to C$34.00 and gave the company a buy rating in a report on Friday, December 1st. Echelon Wealth Partners upgraded shares of Shaw Communications from a hold rating to a buy rating in a report on Friday, October 27th. Royal Bank of Canada reduced their price target on shares of Shaw Communications from C$31.00 to C$30.00 and set an outperform rating for the company in a report on Friday, October 27th. Finally, National Bank Financial reduced their price target on shares of Shaw Communications from C$30.00 to C$29.00 and set a sector perform rating for the company in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Shaw Communications currently has an average rating of Hold and a consensus target price of C$29.10.

Shares of Shaw Communications (SJR.B) traded up C$0.15 on Friday, reaching C$27.21. 1,680,000 shares of the company were exchanged, compared to its average volume of 978,824. Shaw Communications has a one year low of C$26.48 and a one year high of C$30.44. The company has a market cap of $13,620.00, a price-to-earnings ratio of 23.26 and a beta of 0.62.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Tuesday, January 30th will be given a $0.0988 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, January 12th.

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Shaw Communications Company Profile

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.

Analyst Recommendations for Shaw Communications (TSE:SJR.B)

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