Student Transportation Inc. (STB) PT Lowered to C$8.00 at Scotiabank
Student Transportation Inc. (TSE:STB) (NASDAQ:STB) had its price objective reduced by Scotiabank from C$8.25 to C$8.00 in a research report report published on Saturday morning. Scotiabank currently has a sector perform rating on the stock.
Several other equities analysts have also commented on STB. BMO Capital Markets decreased their price target on Student Transportation from C$8.25 to C$7.60 in a research note on Saturday. National Bank Financial raised Student Transportation from a sector perform rating to an outperform rating and upped their price target for the company from C$8.50 to C$9.50 in a research note on Thursday, September 21st.
Shares of Student Transportation (TSE STB) opened at 7.37 on Friday. The company has a market capitalization of $697.43 million and a P/E ratio of 105.29. The stock’s 50 day moving average price is $7.37 and its 200 day moving average price is $7.71. Student Transportation has a 52-week low of $6.98 and a 52-week high of $8.25.
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The company also recently announced a monthly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 16th will be paid a dividend of $0.0367 per share. This represents a $0.44 annualized dividend and a yield of 5.98%. The ex-dividend date is Wednesday, September 27th.
In other news, Director Denis Joseph Gallagher bought 8,200 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were purchased at an average price of C$6.07 per share, with a total value of C$49,774.00. In the last three months, insiders have purchased 29,950 shares of company stock worth $181,362.
About Student Transportation
Student Transportation Inc is a Canada-based company engaged in providing school bus transportation services in North America. The Company provides school bus and management services to public and private schools in North America and offers services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.
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