Stantec Inc. (TSE:STN) (NYSE:STN) has earned an average recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$39.50.
Several equities analysts recently issued reports on STN shares. CIBC boosted their price target on shares of Stantec from C$37.00 to C$38.00 in a research report on Monday, November 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a C$40.00 price target on shares of Stantec in a research report on Monday, October 23rd. National Bank Financial reduced their price target on shares of 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. 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 upped their price objective on shares of Stantec from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a report on Friday, November 10th.
Shares of Stantec (STN) traded up C$0.46 during midday trading on Friday, hitting C$35.71. 104,700 shares of the company traded hands, compared to its average volume of 188,765. Stantec has a one year low of C$30.24 and a one year high of C$37.13. The stock has a market capitalization of $4,070.00, a PE ratio of 35.36 and a beta of 1.22.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, December 28th. Stantec’s dividend payout ratio (DPR) is presently 48.27%.
In other Stantec news, Director Russell Edward Wlad sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of C$35.57, for a total value of C$355,700.00.
COPYRIGHT VIOLATION NOTICE: “Stantec Inc. (STN) Receives Average Rating of “Buy” from Brokerages” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/01/20/stantec-inc-stn-receives-average-rating-of-buy-from-brokerages.html.
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.
Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.