Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) Senior Officer Jeffrey Mehr sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of C$27.17, for a total transaction of C$1,086,800.00. Following the completion of the sale, the insider now owns 7,230 shares in the company, valued at C$196,439.10.

Shares of TSE SJR.B opened at C$27.08 on Tuesday. The company has a market capitalization of $13.15 billion and a P/E ratio of 110.98. Shaw Communications Inc has a 1 year low of C$24.31 and a 1 year high of C$30.44. The company has a debt-to-equity ratio of 88.07, a current ratio of 0.71 and a quick ratio of 0.55.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 27th. Investors of record on Wednesday, February 27th will be issued a $0.0988 dividend. The ex-dividend date is Thursday, February 14th. This represents a $1.19 dividend on an annualized basis and a yield of 4.38%. Shaw Communications’s dividend payout ratio (DPR) is presently 487.70%.

SJR.B has been the topic of a number of research analyst reports. TD Securities raised their price target on shares of Shaw Communications from C$33.00 to C$34.00 and gave the company an “action list buy” rating in a research note on Wednesday, December 12th. Royal Bank of Canada raised their price target on shares of Shaw Communications from C$29.00 to C$30.00 in a research note on Tuesday, January 15th. Barclays raised their price target on shares of Shaw Communications from C$32.00 to C$33.00 in a research note on Tuesday, January 15th. CIBC raised their price target on shares of Shaw Communications from C$31.00 to C$32.00 in a research note on Tuesday, January 15th. Finally, BMO Capital Markets raised their price target on shares of Shaw Communications from C$27.00 to C$28.00 in a research note on Tuesday, January 15th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Shaw Communications currently has an average rating of “Buy” and a consensus target price of C$30.65.

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About Shaw Communications

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.

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