Stantec Inc. (TSE:STN) (NYSE:STN) has been assigned an average recommendation of “Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$39.38.

STN has been the topic of several recent research reports. CIBC increased their price objective on shares of Stantec from C$36.00 to C$37.00 in a research note on Thursday, August 10th. National Bank Financial lowered their price target on Stantec from C$42.00 to C$39.00 and set an “outperform” rating for the company in a research report on Friday. Royal Bank Of Canada restated a “sector perform” rating and issued a C$40.00 price target on shares of Stantec in a research report on Monday, October 23rd. TD Securities raised their price target on Stantec from C$36.00 to C$38.00 and gave the stock a “hold” rating in a research report on Thursday, August 10th. Finally, Desjardins raised their price target on Stantec from C$39.00 to C$43.00 in a research report on Monday, November 13th.

Shares of Stantec (TSE STN) traded up C$0.41 during trading hours on Friday, hitting C$35.00. 323,622 shares of the stock traded hands, compared to its average volume of 203,981. Stantec has a 52-week low of C$30.24 and a 52-week high of C$37.13.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.50 annualized dividend and a dividend yield of 1.43%. Stantec’s dividend payout ratio (DPR) is 48.27%.

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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.

Analyst Recommendations for Stantec (TSE:STN)

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