Raymond James Financial, Inc. Boosts Stantec Inc. (STN) Price Target to C$41.00

Stantec Inc. (TSE:STN) (NYSE:STN) had its price target lifted by Raymond James Financial, Inc. from C$38.00 to C$41.00 in a report issued on Friday. The firm currently has an outperform rating on the stock.

STN has been the topic of a number of other research reports. Royal Bank Of Canada reiterated a sector perform rating and set a C$40.00 price target on shares of Stantec in a research report on Monday, October 23rd. TD Securities increased their target price on 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 increased their target price on Stantec from C$34.00 to C$36.00 in a report on Tuesday, October 31st. Scotiabank set a C$40.00 target price on Stantec and gave the company an outperform rating in a report on Thursday, August 10th. Finally, CIBC increased their target price on Stantec from C$36.00 to C$37.00 in a report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of C$38.71.

Stantec (TSE STN) opened at C$36.21 on Friday. Stantec has a 1 year low of C$30.24 and a 1 year high of C$37.13.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.125 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.38%. Stantec’s payout ratio is currently 46.12%.

In other news, Director Donald James Lowry bought 3,000 shares of Stantec stock in a transaction on Thursday, August 17th. The stock was acquired 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 shares were sold at an average price of C$33.99, for a total value of C$50,917.02.

About Stantec

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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