CIBC Boosts Stantec Inc. (STN) Price Target to C$38.00

Stantec Inc. (TSE:STN) (NYSE:STN) had its price objective hoisted by CIBC from C$37.00 to C$38.00 in a report issued on Monday morning.

Other analysts have also issued reports about the stock. Desjardins boosted their price objective on shares of Stantec from C$39.00 to C$43.00 in a report on Monday. Canaccord Genuity boosted their price objective on shares of Stantec from C$34.00 to C$36.00 in a report on Tuesday, October 31st. TD Securities boosted their price objective 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. Scotiabank restated an outperform rating and issued a C$40.00 price objective on shares of Stantec in a report on Friday, November 10th. Finally, Raymond James Financial, Inc. boosted their price objective on shares of Stantec from C$38.00 to C$41.00 and gave the company an outperform rating in a report on Friday, November 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of C$39.43.

Shares of Stantec (STN) opened at C$35.44 on Monday. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, December 28th. Stantec’s dividend payout ratio is currently 48.27%.

In other Stantec news, Director Paul Jeremy David Alpern sold 1,498 shares of Stantec stock in a transaction dated Friday, August 18th. The stock was sold at an average price of C$33.99, for a total value of C$50,917.02.

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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