Stantec (TSE:STN) Price Target Raised to C$165.00

Key Points

• Canaccord Genuity Group has increased its target price for Stantec (TSE:STN) stock from C$150.00 to C$165.00 and maintains a "buy" rating, indicating a potential upside of 8.34% from the previous closing price.
• Analysts from multiple firms have also raised their target prices for Stantec, with a consensus rating of "Buy" and an average target price of C$151.42.
• Stantec shares have seen a 1.8% increase, reaching C$152.30, and the company has a market cap of approximately C$17.36 billion.

Stantec (TSE:STN - Free Report) NYSE: STN had its target price hoisted by Canaccord Genuity Group from C$150.00 to C$165.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other research firms have also commented on STN. TD Securities boosted their price objective on Stantec from C$145.00 to C$165.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. CIBC boosted their target price on Stantec from C$156.00 to C$168.00 in a research report on Friday, July 18th. Royal Bank Of Canada boosted their target price on Stantec from C$138.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Scotiabank boosted their target price on Stantec from C$144.00 to C$146.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Desjardins boosted their target price on Stantec from C$148.00 to C$153.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$151.42.

Stantec Price Performance

STN stock traded down C$1.55 during trading on Wednesday, hitting C$149.91. The company had a trading volume of 285,223 shares, compared to its average volume of 269,058. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The company has a market cap of C$17.09 billion, a P/E ratio of 50.03, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a fifty day moving average price of C$147.88 and a two-hundred day moving average price of C$129.35. Stantec has a fifty-two week low of C$103.48 and a fifty-two week high of C$154.89.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.6%. Stantec's payout ratio is 28.03%.

Insider Buying and Selling at Stantec

In other Stantec news, Director Clayton Bock bought 1,250 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average price of C$139.51 per share, for a total transaction of C$174,392.88. Also, Director Susan Reisbord bought 2,785 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was acquired at an average price of C$147.74 per share, for a total transaction of C$411,458.13. 0.27% of the stock is owned by corporate 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.