Brokerages Set Stantec Inc. (TSE:STN) Price Target at C$126.36

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been given an average recommendation of “Moderate Buy” by the twelve brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$126.36.

STN has been the subject of a number of research analyst reports. Raymond James cut 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 report on Thursday, August 8th. Stifel Nicolaus boosted their price objective on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Canaccord Genuity Group boosted their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Finally, Scotiabank upgraded Stantec to a “strong-buy” rating in a report on Friday, October 25th.

Insider Buying and Selling at Stantec

In other news, Director Vito Culmone acquired 4,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of C$121.49 per share, for a total transaction of C$485,960.00. Company insiders own 0.27% of the company’s stock.

Stantec Trading Up 2.0 %

Stantec stock opened at C$123.08 on Thursday. Stantec has a 52 week low of C$99.81 and a 52 week high of C$123.18. 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$14.04 billion, a P/E ratio of 40.49, a PEG ratio of 1.46 and a beta of 0.82. The stock has a 50-day simple moving average of C$115.03 and a 200 day simple moving average of C$113.54.

Stantec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Tuesday, December 31st. Stantec’s dividend payout ratio (DPR) is currently 27.63%.

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.