Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been given an average recommendation of “Buy” by the eight brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$39.38.
A number of research analysts recently commented on the company. Desjardins raised their price target on Stantec from C$39.00 to C$43.00 in a research report on Monday, November 13th. Scotiabank restated an “outperform” rating and issued a C$40.00 price target on shares of Stantec in a research report on Friday, November 10th. Raymond James Financial raised their price target on Stantec from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Canaccord Genuity raised their price target on Stantec from C$34.00 to C$36.00 in a research report on Tuesday, October 31st. Finally, National Bank Financial decreased their price target on Stantec from C$42.00 to C$39.00 and set an “outperform” rating on the stock in a research report on Friday, December 1st.
Stantec (TSE:STN) opened at C$35.10 on Tuesday. Stantec has a 12-month low of C$30.24 and a 12-month high of C$37.13. The company has a market capitalization of $4,000.00, a price-to-earnings ratio of 34.75 and a beta of 1.22.
The firm 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 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Thursday, December 28th. Stantec’s dividend payout ratio is presently 48.27%.
In other Stantec news, Director Carl Frank Clayton sold 10,000 shares of Stantec stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$35.10, for a total value of C$351,000.00.
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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.
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