National Bankshares Boosts Stantec (TSE:STN) Price Target to C$143.00

Stantec (TSE:STN) (NYSE:STN) had its target price upped by National Bankshares from C$140.00 to C$143.00 in a research note published on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the stock. CIBC upped their price objective on shares of Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Canaccord Genuity Group increased their price target on shares of Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Canaccord Genuity Group raised their price objective on shares of Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a research note on Wednesday. TD Securities increased their target price on shares of Stantec from C$139.00 to C$145.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada boosted their price target on Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Stantec has a consensus rating of “Moderate Buy” and a consensus price target of C$140.33.

Stantec Trading Up 6.8 %

TSE:STN opened at C$128.12 on Wednesday. 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 stock’s 50 day simple moving average is C$112.05 and its 200-day simple moving average is C$113.28. Stantec has a 12-month low of C$103.48 and a 12-month high of C$129.39. The firm has a market cap of C$14.61 billion, a P/E ratio of 42.75, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

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

Insiders Place Their Bets

In other news, Director Vito Culmone acquired 3,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were bought at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is currently 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.