Shaw Communications Inc. (SJR) At $22.70 Forms Top; Cnb Financial PA (CCNE) Shorts Decreased By 15.48%

December 7, 2017 - By Winifred Garcia

Shaw Communications Inc. (SJR) formed multiple top with $24.52 target or 8.00% above today’s $22.70 share price. Shaw Communications Inc. (SJR) has $11.42B valuation. The stock decreased 0.22% or $0.05 during the last trading session, reaching $22.7. About 3,998 shares traded. Shaw Communications Inc. (NYSE:SJR) has risen 13.56% since December 7, 2016 and is uptrending. It has underperformed by 3.14% the S&P500.

Cnb Financial Corporation PA (NASDAQ:CCNE) had a decrease of 15.48% in short interest. CCNE’s SI was 164,300 shares in December as released by FINRA. Its down 15.48% from 194,400 shares previously. With 32,600 avg volume, 5 days are for Cnb Financial Corporation PA (NASDAQ:CCNE)’s short sellers to cover CCNE’s short positions. The stock decreased 1.06% or $0.3 during the last trading session, reaching $28. About 25,410 shares traded. CNB Financial Corporation (NASDAQ:CCNE) has risen 24.71% since December 7, 2016 and is uptrending. It has outperformed by 8.01% the S&P500.

Analysts await Shaw Communications Inc. (NYSE:SJR) to report earnings on January, 11. They expect $0.24 earnings per share, up 84.62% or $0.11 from last year’s $0.13 per share. SJR’s profit will be $120.75 million for 23.65 P/E if the $0.24 EPS becomes a reality. After $0.24 actual earnings per share reported by Shaw Communications Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 5 analysts covering Shaw Comms (NYSE:SJR), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Shaw Comms has $29 highest and $20 lowest target. $25.33’s average target is 11.59% above currents $22.7 stock price. Shaw Comms had 9 analyst reports since October 20, 2015 according to SRatingsIntel. The company was initiated on Thursday, April 6 by Citigroup. The firm earned “Sector Perform” rating on Friday, October 23 by RBC Capital Markets. Macquarie Research upgraded the shares of SJR in report on Tuesday, October 20 to “Outperform” rating. The firm has “Equal Weight” rating by Barclays Capital given on Friday, October 23. The stock has “Equal-Weight” rating by Barclays Capital on Friday, October 27. The stock of Shaw Communications Inc. (NYSE:SJR) earned “Outperform” rating by RBC Capital Markets on Monday, January 9. RBC Capital Markets maintained Shaw Communications Inc. (NYSE:SJR) rating on Thursday, December 17. RBC Capital Markets has “Sector Perform” rating and $25 target. The stock of Shaw Communications Inc. (NYSE:SJR) has “Equal-Weight” rating given on Tuesday, April 5 by Barclays Capital.

CNB Financial Corporation operates as the bank holding firm for CNB Bank that provides various banking services and products for individual, business, governmental, and institutional customers. The company has market cap of $427.99 million. The companyÂ’s principal services and products comprise checking, savings, and time deposit accounts; and real estate, commercial, industrial, residential, and consumer loans. It has a 16.54 P/E ratio. It also offers various other specialized financial services; and trust and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit plans, as well as a range of wealth management services.

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