Laurentian Reiterates Hold Rating for Stantec (STN)
Stantec (TSE:STN)‘s stock had its “hold” rating restated by equities research analysts at Laurentian in a research note issued to investors on Friday, ARN reports. They currently have a C$65.00 price objective on the stock. Laurentian’s price objective suggests a potential upside of 4.91% from the company’s current price.
A number of other firms have also recently commented on STN. Analysts at Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. Separately, analysts at Scotiabank raised their price target on shares of Stantec from C$54.50 to C$72.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Stantec from C$51.50 to C$54.50 in a research note to investors on Wednesday. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Stantec presently has a consensus rating of “Buy” and a consensus target price of C$59.13.
Stantec (TSE:STN) traded up 3.86% during mid-day trading on Friday, hitting $64.35. The stock had a trading volume of 203,100 shares. Stantec has a 1-year low of $35.85 and a 1-year high of $62.74. The stock has a 50-day moving average of $54.71 and a 200-day moving average of $47.97. The company has a market cap of $2.978 billion and a P/E ratio of 21.97.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, January 16th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.17 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.07%.
Stantec Inc (TSE:STN) provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors.
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