Stantec (TSE:STN) Given New C$168.00 Price Target at Royal Bank Of Canada

Stantec (TSE:STN) (NYSE:STN) had its price target lifted by Royal Bank Of Canada from C$153.00 to C$168.00 in a report published on Monday morning,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. Scotiabank lifted their price objective on Stantec from C$160.00 to C$161.00 in a report on Friday, October 17th. Stifel Nicolaus increased their target price on Stantec from C$160.00 to C$175.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Canaccord Genuity Group lifted their price target on shares of Stantec from C$150.00 to C$165.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. CIBC upped their price target on shares of Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Finally, Desjardins increased their price objective on shares of Stantec from C$153.00 to C$158.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Stantec has a consensus rating of “Moderate Buy” and an average target price of C$162.91.

Stantec Price Performance

STN opened at C$139.45 on Monday. 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 has a 12 month low of C$107.23 and a 12 month high of C$160.05. The company has a fifty day simple moving average of C$153.00 and a 200 day simple moving average of C$148.49. The stock has a market cap of C$15.91 billion, a P/E ratio of 32.89, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Thursday, November 13th. The company reported C$1.53 earnings per share for the quarter. Stantec had a return on equity of 12.08% and a net margin of 4.78%.The firm had revenue of C($435.10) million for the quarter.

Stantec Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.90 dividend on an annualized basis and a yield of 0.6%. Stantec’s dividend payout ratio is 20.87%.

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.