Student Transportation Inc. (STB) Price Target Cut to C$8.00 by Analysts at Scotiabank
Student Transportation Inc. (TSE:STB) (NASDAQ:STB) had its price target dropped by equities research analysts at Scotiabank from C$8.25 to C$8.00 in a report released on Saturday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 8.70% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. BMO Capital Markets decreased their price objective on shares of Student Transportation from C$8.25 to C$7.60 in a research note on Saturday. National Bank Financial upgraded shares of Student Transportation from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$8.50 to C$9.50 in a research note on Thursday.
Shares of Student Transportation (TSE STB) traded down 2.13% during trading on Friday, reaching $7.36. 294,413 shares of the company’s stock traded hands. Student Transportation has a 1-year low of $6.98 and a 1-year high of $8.25. The stock has a 50-day moving average of $7.37 and a 200-day moving average of $7.71. The company has a market capitalization of $695.76 million and a price-to-earnings ratio of 105.14.
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In other news, Director Denis Joseph Gallagher bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was acquired at an average cost of C$6.05 per share, for a total transaction of C$121,000.00. Insiders bought 29,950 shares of company stock valued at $181,362 over the last 90 days.
Student Transportation Company Profile
Student Transportation Inc is a Canada-based company engaged in providing school bus transportation services in North America. The Company provides school bus and management services to public and private schools in North America and offers services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.
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