Stantec (STN) PT Raised to C$39.00
Several other equities research analysts also recently commented on STN. Royal Bank of Canada reissued a sector perform rating and issued a C$40.00 target price on shares of Stantec in a report on Monday, October 23rd. Canaccord Genuity boosted their target price on Stantec from C$34.00 to C$36.00 in a report on Tuesday, October 31st. Raymond James Financial boosted their target price on Stantec from C$38.00 to C$41.00 and gave the stock an outperform rating in a report on Friday, November 10th. Scotiabank reissued an outperform rating and issued a C$40.00 target price on shares of Stantec in a report on Friday, November 10th. Finally, Desjardins boosted their target price on Stantec from C$39.00 to C$43.00 in a report on Monday, November 13th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Stantec has an average rating of Buy and an average price target of C$39.50.
Shares of Stantec (STN) opened at C$35.71 on Tuesday. The firm has a market capitalization of $4,070.00, a price-to-earnings ratio of 35.36 and a beta of 1.22. Stantec has a 12 month low of C$30.24 and a 12 month high of C$37.13.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Friday, December 29th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, December 28th. Stantec’s payout ratio is currently 48.27%.
In other news, Director Carl Frank Clayton sold 10,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of C$35.10, for a total transaction of C$351,000.00.
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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.
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