Stantec Receives Consensus Recommendation of “Buy” from Brokerages (TSE:STN)
Stantec (TSE:STN) has received a consensus rating of “Buy” from the twelve analysts that are covering the company, Stock Ratings Network reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$69.50.
Stantec (TSE:STN) remained flat at $65.58 during during mid-day trading trading on Monday. 245,816 shares of the company’s stock traded hands. Stantec has a 52-week low of $40.90 and a 52-week high of $72.34. The stock has a 50-day moving average of $65.22 and a 200-day moving average of $66.75. The company has a market cap of $3.057 billion and a price-to-earnings ratio of 20.75.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 17th. Investors of record on Friday, June 27th will be paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 1.13%.
A number of research firms have recently commented on STN. Analysts at Desjardins raised their price target on shares of Stantec from C$69.00 to C$71.00 in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at LB Securities raised their price target on shares of Stantec to C$72.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Stantec from C$74.00 to C$75.00 in a research note on Friday. They now have a “buy” rating on the stock.
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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