TSE:SJR.B

Shaw Communications - SJR.B Stock Forecast, Price & News

C$35.19

+0.10 (+0.28%)

(As of 08/19/2022 01:50 PM ET)

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Today's Range: C$34.95
▼
C$35.35
50-Day Range: C$33.85
▼
C$38.34
52-Week Range: C$33.42
▼
C$39.49

Volume: 237,696 shs
Average Volume: 1.90 million shs
Market Capitalization: C$17.57 billion

P/E Ratio: 20.82
Dividend Yield: 3.38%
Price Target: C$39.80

About Shaw Communications (TSE:SJR.B) Stock

Shaw Communications Inc. operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers. The Wireless segment provides wireless voice and data communications services for customers. The company was formerly known as Shaw Cable systems Ltd. and changed its name to Shaw Communications Inc. in May 1993. Shaw Communications Inc. was founded in 1966 and is based in Calgary, Canada.

Shaw Communications Stock Performance

SJR.B traded up C$0.20 during trading hours on Friday, hitting C$35.29. 155,793 shares of the stock were exchanged, compared to its average volume of 1,899,453. The stock has a 50-day simple moving average of C$35.52 and a 200-day simple moving average of C$36.87. Shaw Communications has a 12 month low of C$33.42 and a 12 month high of C$39.49. The stock has a market cap of C$17.62 billion and a price-to-earnings ratio of 20.76. The company has a debt-to-equity ratio of 94.13, a current ratio of 0.95 and a quick ratio of 0.64.

Shaw Communications Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Tuesday, August 30th will be paid a $0.0988 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Friday, August 12th. Shaw Communications's payout ratio is 70.12%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. CIBC cut shares of Shaw Communications from an "outperform" rating to a "hold" rating in a research note on Friday, April 22nd. National Bankshares raised shares of Shaw Communications from a "sector perform" rating to an "outperform" rating and set a C$40.50 price target on the stock in a research note on Wednesday, May 18th. Scotiabank set a C$38.00 price objective on shares of Shaw Communications and gave the company a "sector perform" rating in a research note on Tuesday, June 28th. Finally, Canaccord Genuity Group raised shares of Shaw Communications to a "buy" rating and set a C$40.50 price objective on the stock in a research note on Tuesday, June 21st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$39.92.

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SJR.B Stock News Headlines

July 28, 2022 | americanbankingnews.com

Shaw Communications Inc (TSE:SJR.B) Receives Average Rating of "Moderate Buy" from Analysts

July 15, 2022 | msn.com

Uncertainty in the Telecom Sector: 3 Stocks to Keep an Eye on

July 14, 2022 | marketwatch.com

Shaw Communications Inc. Cl B NV stock falls Wednesday, underperforms market

July 1, 2022 | theglobeandmail.com

Shaw Announces Third Quarter and Year-to-Date Fiscal 2022 Results

June 24, 2022 | ca.finance.yahoo.com

Rogers, Shaw, Competition Bureau agree to mediation process on $26 billion deal

June 3, 2022 | msn.com

Rogers files challenge to Competition Bureau efforts to block its takeover of Shaw

April 30, 2022 | thestreet.com

Shaw Communications Inc. Class B

April 25, 2022 | msn.com

'No more fake competition' in Canada's telecom sector: Globalive's Lacavera

April 24, 2022 | theglobeandmail.com

Globalive criticizes Freedom Mobile sale process as bidders circle

April 13, 2022 | ca.finance.yahoo.com

Shaw posts lower second-quarter profit and revenue, remains focused on Rogers deal

November 23, 2021 | ca.finance.yahoo.com

Telus says Rogers takeover of Shaw would harm competition, urges CRTC to reject

November 22, 2021 | ca.finance.yahoo.com

CRTC hearings to begin on proposed Rogers Communications deal to buy Shaw

November 4, 2021 | msn.com

Chaos in the Boardroom: Avoid These 2 Telco Stocks

November 1, 2021 | ca.finance.yahoo.com

Advocacy groups ask CRTC to delay hearings into Rogers' deal to buy Shaw

October 29, 2021 | ca.finance.yahoo.com

Shaw CEO Brad Shaw reiterates commitment to Rogers deal as Shaw reports Q3 profit up

October 29, 2021 | theglobeandmail.com

Shaw Announces Fourth Quarter and Full Year Fiscal 2021 Results

September 20, 2021 | baystreet.ca

Why Rogers May Be a Good Buy Even if Its Merger With Shaw Doesn't Goes Through

September 19, 2021 | msn.com

Telecom Stocks: A Political Football?

August 7, 2021 | msn.com

1 Top TSX Stock Pick for August 2021

July 13, 2021 | au.finance.yahoo.com

A Brighter Deal for Brighter Days: Shaw Business Celebrates Small Businesses by Giving Three Months Free Connectivity Solutions

July 1, 2021 | fool.ca

Why Investors May Want to Consider Shaw Stock Right Now

June 27, 2021 | ca.finance.yahoo.com

2 Monthly Income Buys to Hold Forever

April 27, 2021 | ca.finance.yahoo.com

Shaw Communications (TSX:SJR.B) Is a Great Investment

April 16, 2021 | markets.businessinsider.com

Shaw Partners With Local Artists to Brighten This Year’s Vancouver Sun Run

April 16, 2021 | marketwatch.com

Shaw Introduces Shaw Gig WiFi -- Giving Western Canadians Faster, More Reliable In-Home WiFi Across More Devices

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SJR.B Company Calendar

Ex-Dividend for 7/28 Dividend: 7/14/2022
Dividend Payable: 7/28/2022
Ex-Dividend for 8/30 Dividend: 8/12/2022
Today: 8/19/2022
Dividend Payable: 8/30/2022

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Telecom Services
Sub-Industry: N/A
Sector: Business Services
Current Symbol: TSE:SJR.B
CUSIP: N/A
CIK: N/A
Web: www.shaw.ca
Phone: +1-403-7504500
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$39.80
High Stock Price Forecast: C$40.50
Low Stock Price Forecast: C$38.00
Forecasted Upside/Downside: +13.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 20.82
Forward P/E Ratio: 22.70
P/E Growth: 2.83
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 94.13
Current Ratio: 0.95
Quick Ratio: 0.64

Sales & Book Value

Annual Sales: C$5.47 billion
Price / Sales: 3.21
Cash Flow: C$0.98 per share
Price / Cash Flow: 35.88
Book Value: C$12.61 per share
Price / Book: 2.79

Miscellaneous

Outstanding Shares: 499,401,000
Free Float: N/A
Market Cap: C$17.57 billion
Optionable: Not Optionable
Beta: N/A

Key Executives

Mr. James Robert Shaw O.C. (Age 85)
A.O.E., Founder & Exec. Chairman

Mr. Bradley S. Shaw (Age 55)
CEO & Non-Independent Director

Mr. Jay Mehr
Pres

Mr. Trevor English (Age 45)
Exec. VP and Chief Financial & Corp. Devel. Officer

Mr. Zoran Stakic
COO & CTO

Key Competitors

View All Competitors

SJR.B Stock - Frequently Asked Questions

Should I buy or sell Shaw Communications stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shaw Communications in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SJR.B shares.
View SJR.B analyst ratings or view top-rated stocks.
What is Shaw Communications' stock price forecast for 2022?: 5 brokerages have issued 1-year price targets for Shaw Communications' shares. Their SJR.B share price forecasts range from C$38.00 to C$40.50. On average, they expect the company's stock price to reach C$39.80 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price.
View analysts price targets for SJR.B or view top-rated stocks among Wall Street analysts.
How have SJR.B shares performed in 2022?: Shaw Communications' stock was trading at C$38.39 at the beginning of 2022. Since then, SJR.B shares have decreased by 8.2% and is now trading at C$35.26.
View the best growth stocks for 2022 here.
How often does Shaw Communications pay dividends? What is the dividend yield for Shaw Communications?: Shaw Communications announced a monthly dividend on Friday, August 12th. Investors of record on Tuesday, August 30th will be paid a dividend of 0.0988 per share on Tuesday, August 30th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for SJR.B.

Is Shaw Communications a good dividend stock?: Shaw Communications (TSE:SJR.B) pays an annual dividend of C$1.19 per share and currently has a dividend yield of 3.38%. The dividend payout ratio is 70.12%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SJR.B.
What is Shaw Communications' stock symbol?: Shaw Communications trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SJR.B."
How do I buy shares of Shaw Communications?: Shares of SJR.B stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.
What is Shaw Communications' stock price today?: One share of SJR.B stock can currently be purchased for approximately C$35.26.
How much money does Shaw Communications make?: Shaw Communications (TSE:SJR.B) has a market capitalization of C$17.61 billion and generates C$5.47 billion in revenue each year.
How can I contact Shaw Communications?: Shaw Communications' mailing address is Ste 900, 630 3Rd Ave Sw, CALGARY, AB T2P 4L4, Canada. The official website for the company is www.shaw.ca. The company can be reached via phone at +1-403-7504500.

This page (TSE:SJR.B) was last updated on 8/19/2022 by MarketBeat.com Staff

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