Stantec (TSE:STN) Price Target Raised to C$135.00 at ATB Capital

Stantec (TSE:STN - Get Free Report) NYSE: STN had its target price increased by analysts at ATB Capital from C$125.00 to C$135.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. ATB Capital's price target indicates a potential upside of 9.52% from the stock's previous close.

Several other equities research analysts have also commented on STN. CIBC upped their price objective on Stantec from C$134.00 to C$139.00 and gave the stock an "outperform" rating in a research note on Wednesday. TD Securities upped their price objective on Stantec from C$139.00 to C$145.00 and gave the stock a "buy" rating in a research note on Wednesday. Canaccord Genuity Group upped their target price on shares of Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. BMO Capital Markets upped their target price on shares of Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Finally, Desjardins upped their target price on shares of Stantec from C$138.00 to C$148.00 and gave the stock a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Stantec presently has an average rating of "Buy" and an average price target of C$140.33.

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Stantec Stock Performance

Shares of TSE:STN traded up C$1.08 during midday trading on Wednesday, hitting C$123.26. The company had a trading volume of 597,665 shares, compared to its average volume of 259,937. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The company has a market cap of C$14.05 billion, a price-to-earnings ratio of 41.13, a PEG ratio of 1.46 and a beta of 0.82. Stantec has a 12-month low of C$103.48 and a 12-month high of C$129.39. The company has a fifty day moving average of C$112.66 and a two-hundred day moving average of C$113.38.

Insider Buying and Selling at Stantec

In related news, Director Vito Culmone acquired 3,000 shares of the company's stock in a transaction on Monday, December 30th. The stock was acquired at an average price of C$112.03 per share, with a total value of C$336,099.00. Insiders own 0.27% of the company's stock.

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.