Analysts Set Stantec Inc. (TSE:STN) PT at C$148.42

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN have been given a consensus recommendation of "Buy" by the eleven research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$148.42.

A number of research analysts have issued reports on the stock. CIBC boosted their target price on shares of Stantec from C$141.00 to C$156.00 in a research note on Thursday, May 22nd. Royal Bank Of Canada upped their price target on shares of Stantec from C$138.00 to C$150.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. ATB Capital upped their price target on shares of Stantec from C$140.00 to C$145.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 22nd. Desjardins upped their price target on shares of Stantec from C$148.00 to C$153.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Scotiabank upped their price target on shares of Stantec from C$144.00 to C$146.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd.

Stantec Stock Performance

Stantec stock traded up C$0.07 during midday trading on Friday, reaching C$150.96. 184,420 shares of the stock traded hands, compared to its average volume of 271,985. 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 firm has a fifty day moving average price of C$142.77 and a two-hundred day moving average price of C$125.15. The firm has a market cap of C$17.21 billion, a price-to-earnings ratio of 50.38, a PEG ratio of 1.46 and a beta of 0.82. Stantec has a fifty-two week low of C$103.48 and a fifty-two week high of C$151.28.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.60%. Stantec's payout ratio is currently 28.03%.

Insider Buying and Selling

In other Stantec news, Director Clayton Bock bought 1,250 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average cost 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 company's stock in a transaction that occurred 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 insiders.

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.