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

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

STN has been the subject of a number of other reports. Scotiabank raised Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Stifel Nicolaus upped their target price on shares of Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. Raymond James cut shares of 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 research report on Thursday, August 8th. Finally, BMO Capital Markets boosted their price target on shares of Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$124.33.

Stantec Stock Up 3.0 %

Shares of TSE STN opened at C$115.55 on Monday. Stantec has a 1 year low of C$92.40 and a 1 year high of C$122.57. The firm’s 50-day moving average is C$111.32 and its 200-day moving average is C$112.71. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The firm has a market capitalization of C$13.18 billion, a PE ratio of 37.99, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Tuesday, December 31st. Stantec’s dividend payout ratio (DPR) is presently 27.63%.

Insider Transactions at Stantec

In related news, Director Asifa Samji acquired 300 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were purchased at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the acquisition, the director now directly owns 840 shares in the company, valued at approximately C$92,190. This trade represents a 0.00 % increase in their ownership of the stock. In other Stantec news, Director Vito Culmone bought 2,000 shares of Stantec stock in a transaction dated Tuesday, August 20th. The stock was bought at an average price of C$112.97 per share, with a total value of C$225,940.00. Also, Director Asifa Samji purchased 300 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the transaction, the director now owns 840 shares of the company’s stock, valued at C$92,190. This trade represents a 0.00 % increase in their position. In the last three months, insiders acquired 2,445 shares of company stock worth $274,636. 0.27% of the stock is 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.