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

Stantec (TSE:STN - Free Report) NYSE: STN had its price target hoisted by CIBC from C$121.50 to C$134.00 in a research note published on Friday,BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Stifel Nicolaus lifted their target price on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Scotiabank raised Stantec to a "strong-buy" rating in a report on Friday, October 25th. Finally, Canaccord Genuity Group increased their target price on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Stantec presently has a consensus rating of "Moderate Buy" and a consensus price target of C$129.50.

Stantec Price Performance

STN stock traded down C$0.79 during mid-day trading on Friday, reaching C$117.60. 222,700 shares of the company's stock were exchanged, compared to its average volume of 260,844. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46. Stantec has a 12-month low of C$99.81 and a 12-month high of C$123.92. The stock's 50 day moving average is C$116.36 and its 200 day moving average is C$113.92. The company has a market cap 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Tuesday, December 31st. Stantec's dividend payout ratio is presently 27.63%.

Insider Buying and Selling

In other Stantec news, Director Vito Culmone purchased 4,000 shares of Stantec stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of C$121.49 per share, with a total value of C$485,960.00. 0.27% of the stock is currently 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.