Royal Bank of Canada Issues Positive Forecast for Stantec (TSE:STN) Stock Price

Stantec (TSE:STN) (NYSE:STN) had its price objective upped by Royal Bank of Canada from C$128.00 to C$138.00 in a report published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

STN has been the topic of several other research reports. Canaccord Genuity Group increased their price target on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Raymond James increased their price target on Stantec from C$120.00 to C$130.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. TD Securities lifted their price objective on shares of Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets boosted their target price on shares of Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Finally, CIBC upped their price objective on Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Stantec 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. Stantec has a 52-week low of C$103.48 and a 52-week high of C$129.39. The business’s 50 day moving average is C$112.05 and its two-hundred day moving average is C$113.28. The firm has a market cap of C$14.61 billion, a price-to-earnings ratio of 42.75, a PEG 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.

Stantec Announces Dividend

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

Insider Activity

In related news, Director Vito Culmone purchased 3,000 shares of the stock in a transaction that occurred 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. Corporate insiders own 0.27% of the company’s stock.

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.