Stantec (TSE:STN) Price Target Raised to C$134.00

Stantec (TSE:STN) (NYSE:STN) had its price target raised by CIBC from C$121.50 to C$134.00 in a report published on Friday morning,BayStreet.CA reports.

Several other brokerages also recently commented on STN. Scotiabank raised Stantec to a “strong-buy” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on shares of Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Canaccord Genuity Group boosted their price objective on shares of Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Finally, BMO Capital Markets lifted their price target on shares of Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Stantec has a consensus rating of “Moderate Buy” and a consensus price target of C$129.50.

Stantec Stock Performance

Shares of STN opened at C$117.60 on Friday. Stantec has a 12-month low of C$99.81 and a 12-month high of C$123.92. The stock has a market capitalization of C$13.41 billion, a P/E ratio of 38.68, a P/E/G ratio of 1.46 and a beta of 0.82. The firm’s 50 day moving average is C$116.36 and its 200-day moving average is C$113.92. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46.

Stantec Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Tuesday, December 31st. Stantec’s dividend payout ratio is currently 27.63%.

Insider Activity at Stantec

In other Stantec news, Director Vito Culmone acquired 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of C$121.49 per share, for a total transaction of C$485,960.00. 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.