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

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

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group raised their price objective on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Scotiabank upgraded shares of Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their price objective on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Finally, BMO Capital Markets boosted their target price on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$129.50.

Stantec Stock Performance

Shares of STN opened at C$117.60 on Friday. Stantec has a 52-week low of C$99.81 and a 52-week high of C$123.92. The stock’s 50-day simple moving average is C$116.19 and its 200 day simple moving average is C$113.86. 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$13.41 billion, a price-to-earnings ratio of 38.68, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio is currently 27.63%.

Insider Buying and Selling

In related news, Director Vito Culmone purchased 4,000 shares of Stantec 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 owned by corporate insiders.

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.