Stantec (TSE:STN) Given New C$138.00 Price Target at Royal Bank of Canada

Stantec (TSE:STN) (NYSE:STN) had its price objective raised by Royal Bank of Canada from C$128.00 to C$138.00 in a report published on Wednesday morning,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

STN has been the subject of a number of other research reports. TD Securities raised their target price on Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity Group raised their price target on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. CIBC upped their price objective on shares of Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. BMO Capital Markets upped their price target on shares of Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Finally, Raymond James increased their price target on Stantec from C$120.00 to C$130.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$140.33.

Stantec Stock Performance

STN opened at C$128.12 on Wednesday. The firm’s 50-day moving average price is C$112.05 and its 200-day moving average price is C$113.28. The company has a market cap of C$14.61 billion, a P/E ratio of 42.75, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. Stantec has a 52-week low of C$103.48 and a 52-week high of C$129.39.

Stantec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 0.66%. Stantec’s dividend payout ratio (DPR) is presently 28.03%.

Insiders Place Their Bets

In related news, Director Vito Culmone acquired 3,000 shares of the stock in a transaction on Monday, December 30th. The shares were bought at an average price of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is currently owned by corporate insiders.

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.