Stantec Inc. (STN) PT Raised to C$41.00
Stantec Inc. (TSE:STN) (NYSE:STN) had its target price raised by Raymond James Financial, Inc. from C$38.00 to C$41.00 in a report published on Friday morning. Raymond James Financial, Inc. currently has an outperform rating on the stock.
STN has been the subject of several other reports. Royal Bank Of Canada reissued a sector perform rating and issued a C$40.00 price target on shares of Stantec in a report on Monday, October 23rd. TD Securities raised their price target on shares of Stantec from C$36.00 to C$38.00 and gave the company a hold rating in a report on Thursday, August 10th. Canaccord Genuity raised their price target on shares of Stantec from C$34.00 to C$36.00 in a report on Tuesday, October 31st. Scotiabank set a C$40.00 price target on shares of Stantec and gave the company an outperform rating in a report on Thursday, August 10th. Finally, CIBC lifted their price objective on shares of Stantec from C$36.00 to C$37.00 in a report on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of C$39.43.
Stantec (TSE STN) opened at C$35.96 on Friday. Stantec has a fifty-two week low of C$30.24 and a fifty-two week high of C$37.13.
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The business 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 dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, December 28th. Stantec’s dividend payout ratio is currently 47.03%.
In other Stantec news, Director Paul Jeremy David Alpern sold 1,498 shares of the business’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of C$33.99, for a total value of C$50,917.02. Also, Director Donald James Lowry purchased 3,000 shares of the stock in a transaction on Thursday, August 17th. The stock was acquired at an average cost of C$33.50 per share, with a total value of C$100,500.00.
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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