Stantec (TSE:STN) (NYSE:STN) had its price objective decreased by Royal Bank of Canada from C$36.00 to C$32.00 in a report published on Friday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.
STN has been the subject of several other research reports. Desjardins raised their price target on Stantec from C$39.00 to C$40.00 in a report on Monday, May 13th. Raymond James reissued a market perform rating and issued a C$35.00 price target on shares of Stantec in a report on Monday, June 17th. BMO Capital Markets lowered their price target on Stantec from C$39.00 to C$37.00 in a report on Friday. Finally, National Bank Financial raised their price target on Stantec to C$31.00 and gave the stock a sector perform rating in a report on Monday, May 13th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of C$34.67.
Shares of TSE STN opened at C$28.79 on Friday. The company has a debt-to-equity ratio of 96.15, a quick ratio of 1.83 and a current ratio of 1.90. The firm has a market capitalization of $3.18 billion and a P/E ratio of 58.76. The business has a 50-day simple moving average of C$31.23. Stantec has a fifty-two week low of C$26.67 and a fifty-two week high of C$35.04.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, September 27th. Stantec’s dividend payout ratio is presently 115.31%.
In other Stantec news, Director Jeffrey Philip Stone sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$32.26, for a total value of C$96,774.00.
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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