Stantec (TSE:STN) Price Target Raised to C$148.00 at Desjardins

Stantec (TSE:STN) (NYSE:STN) had its price objective boosted by Desjardins from C$138.00 to C$148.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada increased their price target on shares of Stantec from C$128.00 to C$138.00 and gave the company an “outperform” rating in a research note on Wednesday. CIBC raised their target price on shares of Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. TD Securities upped their price target on shares of Stantec from C$139.00 to C$145.00 and gave the company a “buy” rating in a research note on Wednesday. BMO Capital Markets boosted their price objective on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Finally, Canaccord Genuity Group lifted their price target on Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$140.33.

Stantec Stock Up 6.8 %

STN stock opened at C$128.12 on Wednesday. The company has a market cap of C$14.61 billion, a price-to-earnings ratio of 42.75, a P/E/G ratio of 1.46 and a beta of 0.82. Stantec has a twelve month low of C$103.48 and a twelve month high of C$129.39. The business has a 50 day moving average price of C$112.05 and a two-hundred day moving average price of C$113.28. 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 Announces Dividend

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

Insider Transactions at Stantec

In other Stantec news, Director Vito Culmone purchased 3,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were bought at an average price of C$112.03 per share, for a total transaction of C$336,099.00. Company insiders own 0.27% of the company’s stock.

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.