Stantec Inc. (STN) Given New C$41.00 Price Target at Raymond James Financial, Inc.
Stantec Inc. (TSE:STN) (NYSE:STN) had its price target lifted by Raymond James Financial, Inc. from C$38.00 to C$41.00 in a research report released on Friday. The brokerage currently has an outperform rating on the stock.
A number of other research analysts also recently commented on STN. TD Securities lifted their price objective on shares of Stantec from C$36.00 to C$38.00 and gave the company a hold rating in a research report on Thursday, August 10th. Scotiabank set a C$40.00 target price on shares of Stantec and gave the stock an outperform rating in a research note on Thursday, August 10th. CIBC raised their target price on shares of Stantec from C$36.00 to C$37.00 in a research note on Thursday, August 10th. Canaccord Genuity raised their target price on shares of Stantec from C$34.00 to C$36.00 in a research note on Tuesday, October 31st. Finally, Royal Bank of Canada restated a sector perform rating and set a C$40.00 target price on shares of Stantec in a research note on Monday, October 23rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of C$38.38.
Stantec (STN) traded up C$0.71 during trading on Friday, reaching C$36.21. 244,067 shares of the company were exchanged, compared to its average volume of 204,887. Stantec has a 1-year low of C$30.24 and a 1-year high of C$37.13.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, December 28th. Stantec’s payout ratio is 46.12%.
In other Stantec news, Director Donald James Lowry acquired 3,000 shares of the stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of C$33.50 per share, for a total transaction of C$100,500.00. Also, Director Paul Jeremy David Alpern sold 1,498 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of C$33.99, for a total transaction of C$50,917.02.
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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