Stantec Inc. (TSE:STN – Get Free Report) (NYSE:STN) has received an average rating of “Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$148.42.
Several research firms have recently issued reports on STN. Raymond James Financial upgraded shares of Stantec from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$130.00 to C$140.00 in a report on Wednesday, February 26th. TD Securities upped their price target on shares of Stantec from C$145.00 to C$165.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Stifel Nicolaus raised their price target on shares of Stantec from C$143.00 to C$156.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. CIBC lifted their price objective on shares of Stantec from C$141.00 to C$156.00 in a research note on Thursday, May 22nd. Finally, Canaccord Genuity Group upped their target price on Stantec from C$138.00 to C$150.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd.
View Our Latest Stock Analysis on Stantec
Stantec Trading Up 0.3%
Stantec Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.62%. Stantec’s payout ratio is currently 28.03%.
Insider Buying and Selling at Stantec
In other news, Director Clayton Bock bought 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average cost of C$139.51 per share, for a total transaction of C$174,392.88. Company insiders own 0.27% of the company’s stock.
About Stantec
Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.
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