Canaccord Genuity Raises Stantec Inc. (STN) Price Target to C$36.00
Several other analysts have also recently weighed in on STN. TD Securities increased their price target on shares of Stantec from C$36.00 to C$38.00 and gave the company a hold rating in a research note on Thursday, August 10th. Scotiabank set a C$40.00 price target on shares of Stantec and gave the company an outperform rating in a research note on Thursday, August 10th. CIBC increased their price target on shares of Stantec from C$36.00 to C$37.00 in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada reissued a sector perform rating and issued a C$40.00 price target 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 company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of C$37.63.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of Infinity.
In related news, Director Donald James Lowry acquired 3,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of C$33.50 per share, with a total value of C$100,500.00. Also, Director Paul Jeremy David Alpern sold 1,498 shares of the stock in a transaction that occurred 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 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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