Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $20.18 on Shaw Communications Inc. (NYSE:SJR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.88 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Shaw Communications Inc. (NYSE:SJR) stands at 9.29.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Shaw Communications Inc. Common, the PEG ratio for coming 3-5 years is -9.09.
The technical analysis highlights that Shaw Communications Inc. Common current is trading $0.18 points away or +0.91% from its 50-day moving average of $19.96. Further it is trading $1.21 or +6.42% away its 200-day moving average of $18.93.
The 52-week high of Shaw Communications Inc. (NYSE:SJR) was $21.41 while lowest point recorded in 52-week was $15.66. It implies if stock price makes a movement of over $-1.27, it will record a new 52-week high. In the case of +28.61% drop, it will touch a new 52-week low.
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