Stantec (STN) Price Target Raised to C$39.00
Several other equities research analysts have also issued reports on the company. National Bank Financial reduced their price target on Stantec from C$42.00 to C$39.00 and set an outperform rating for the company in a report on Friday, December 1st. Desjardins lifted their price target on Stantec from C$39.00 to C$43.00 in a report on Monday, November 13th. Scotiabank reiterated an outperform rating and set a C$40.00 price target on shares of Stantec in a report on Friday, November 10th. Raymond James Financial lifted their price target on Stantec from C$38.00 to C$41.00 and gave the company an outperform rating in a report on Friday, November 10th. Finally, Canaccord Genuity lifted their price target on Stantec from C$34.00 to C$36.00 in a report on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of C$39.50.
Shares of Stantec (TSE STN) opened at C$35.25 on Tuesday. Stantec has a 1 year low of C$30.24 and a 1 year high of C$37.13. The company has a market capitalization of $4,060.00, a PE ratio of 34.90 and a beta of 1.22.
The company 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. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.50 annualized dividend and a dividend yield of 1.42%. Stantec’s dividend payout ratio is 48.27%.
In other news, Director Carl Frank Clayton sold 10,000 shares of Stantec stock in a transaction dated 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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