Stantec Inc. (TSE:STN) (NYSE:STN) has received an average recommendation of “Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$39.38.

Several brokerages have issued reports on STN. Canaccord Genuity lifted their target price on shares of Stantec from C$34.00 to C$36.00 in a research report on Tuesday, October 31st. CIBC lifted their target price on shares of Stantec from C$37.00 to C$38.00 in a research report on Monday, November 13th. Desjardins lifted their target price on shares of Stantec from C$39.00 to C$43.00 in a research report on Monday, November 13th. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$40.00 target price on shares of Stantec in a research report on Monday, October 23rd. Finally, Scotiabank reiterated an “outperform” rating and set a C$40.00 target price on shares of Stantec in a research report on Friday, November 10th.

Shares of Stantec (TSE:STN) traded down C$0.15 during trading on Friday, reaching C$34.30. 100,484 shares of the company’s stock traded hands, compared to its average volume of 203,467. Stantec has a twelve month low of C$30.24 and a twelve month high of C$37.13.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.46%. Stantec’s payout ratio is 48.27%.

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Stantec Company Profile

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.

Analyst Recommendations for Stantec (TSE:STN)

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