Stantec (TSE:STN) Price Target Increased to C$41.00 by Analysts at Laurentian

Stantec (TSE:STN) (NYSE:STN) had its price objective hoisted by Laurentian from C$37.00 to C$41.00 in a research report released on Wednesday morning, BayStreet.CA reports.

STN has been the topic of several other reports. Raymond James reiterated an outperform rating and issued a C$37.50 price target on shares of Stantec in a research note on Friday, November 8th. National Bank Financial upgraded shares of Stantec from a sector perform rating to an outperform rating and boosted their price objective for the stock from C$30.50 to C$36.00 in a research report on Friday, November 8th. CIBC upgraded shares of Stantec from a neutral rating to an outperform rating and boosted their price objective for the stock from C$35.00 to C$40.00 in a research report on Friday, November 8th. Desjardins upped their target price on shares of Stantec from C$38.00 to C$41.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada increased their target price on shares of Stantec from C$34.00 to C$36.00 and gave the company a sector perform rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of C$38.85.

Shares of TSE STN opened at C$35.53 on Wednesday. The stock’s 50-day simple moving average is C$32.19 and its 200-day simple moving average is C$30.88. The firm has a market capitalization of $3.95 billion and a PE ratio of 28.24. Stantec has a fifty-two week low of C$26.67 and a fifty-two week high of C$36.29. The company has a debt-to-equity ratio of 88.83, a quick ratio of 1.72 and a current ratio of 1.77.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th will be issued a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, December 27th. Stantec’s payout ratio is currently 45.51%.

Stantec Company Profile

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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Analyst Recommendations for Stantec (TSE:STN)

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