Stantec (TSE:STN) Given New C$135.00 Price Target at Canaccord Genuity Group

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

Several other equities research analysts have also recently issued reports on STN. BMO Capital Markets lifted their target price on Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Stifel Nicolaus lifted their price objective on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. Raymond James downgraded Stantec from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Finally, Scotiabank upgraded shares of Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned 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 Price Performance

Shares of TSE:STN opened at C$116.62 on Monday. The firm has a market cap of C$13.30 billion, a price-to-earnings ratio of 38.36, a P/E/G ratio of 1.46 and a beta of 0.82. The firm has a fifty day moving average price of C$111.57 and a 200 day moving average price of C$112.84. Stantec has a fifty-two week low of C$92.40 and a fifty-two 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.

Stantec Announces Dividend

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

Insider Buying and Selling

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

About Stantec

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.