Stantec (STN) Price Target Raised to C$40.00 at BMO Capital Markets
A number of other equities analysts have also recently issued reports on the company. CIBC cut Stantec from an outperform rating to a neutral rating in a report on Thursday, July 5th. TD Securities increased their target price on Stantec from C$36.00 to C$38.00 and gave the stock a hold rating in a report on Friday, May 11th. Canaccord Genuity increased their target price on Stantec from C$33.00 to C$34.00 in a report on Friday, May 11th. Finally, National Bank Financial lowered their target price on Stantec from C$37.00 to C$35.00 in a report on Friday, May 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of C$37.45.
Stantec opened at C$33.63 on Thursday, MarketBeat reports. Stantec has a 1 year low of C$30.97 and a 1 year high of C$37.13.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 11th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, September 27th.
In other Stantec news, Director Steve Marvin Fleck acquired 2,400 shares of Stantec stock in a transaction dated Friday, May 18th. The stock was bought at an average cost of C$32.92 per share, for a total transaction of C$79,008.00. Also, Director Paul Jeremy David Alpern sold 10,000 shares of the stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of C$34.05, for a total transaction of C$340,500.00.
Stantec Company Profile
Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.
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