Stantec (TSE:STN) Price Target Raised to C$135.00 at Canaccord Genuity Group

Stantec (TSE:STN) (NYSE:STN) had its price target increased by Canaccord Genuity Group from C$125.00 to C$135.00 in a research note released on Monday,BayStreet.CA reports.

A number of other analysts have also commented on STN. Stifel Nicolaus lifted their target price on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. BMO Capital Markets lifted their price objective on Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Scotiabank upgraded shares of Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Raymond James lowered shares of Stantec from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Stantec currently has an average rating of “Moderate Buy” and a consensus price target of C$126.36.

Stantec Stock Up 0.8 %

Shares of Stantec stock opened at C$116.62 on Monday. The company has a 50-day simple moving average of C$111.57 and a two-hundred day simple moving average of C$112.84. Stantec has a 52-week low of C$92.40 and a 52-week high of C$122.57. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. The stock has a market capitalization of C$13.30 billion, a PE ratio of 38.36, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Stantec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio is presently 27.63%.

Insider Transactions at Stantec

In other news, Director Vito Culmone bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was bought at an average price of C$112.97 per share, with a total value of C$225,940.00. Insiders have purchased 2,145 shares of company stock valued at $241,711 over the last quarter. 0.27% of the stock is currently owned by company insiders.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.