Canaccord Genuity Group Issues Positive Forecast for Stantec (TSE:STN) Stock Price

Stantec (TSE:STN) (NYSE:STN) had its target price lifted by Canaccord Genuity Group from C$135.00 to C$138.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on STN. Raymond James increased their price objective on shares of Stantec from C$120.00 to C$130.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. BMO Capital Markets upped their target price on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Royal Bank of Canada raised their target price on Stantec from C$128.00 to C$138.00 and gave the company an “outperform” rating in a report on Wednesday. CIBC lifted their price objective on shares of Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. Finally, Canaccord Genuity Group upped their target price on shares of Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$140.33.

Stantec Stock Up 6.8 %

Shares of TSE STN opened at C$128.12 on Wednesday. The stock has a market capitalization of C$14.61 billion, a PE ratio of 42.75, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The firm has a fifty day moving average of C$112.05 and a 200-day moving average of C$113.28. Stantec has a 52-week low of C$103.48 and a 52-week high of C$129.39.

Stantec Announces Dividend

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

Insiders Place Their Bets

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

Stantec Company Profile

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.