Canaccord Genuity Group Forecasts Strong Price Appreciation for Stantec (TSE:STN) Stock

Stantec (TSE:STN - Get Free Report) NYSE: STN had its target price upped by investment analysts at Canaccord Genuity Group from C$125.00 to C$135.00 in a research note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group's price objective would suggest a potential upside of 16.71% from the company's previous close.

Several other research analysts have also recently weighed in on STN. Scotiabank upgraded Stantec to a "strong-buy" rating in a research report on Friday, October 25th. BMO Capital Markets raised their price target on Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Stifel Nicolaus raised their price target on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Finally, Raymond James cut Stantec from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$124.33.

Stantec Stock Performance

STN stock traded up C$3.51 during trading hours on Monday, hitting C$115.67. 175,322 shares of the stock were exchanged, compared to its average volume of 261,169. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The firm has a market capitalization of C$13.19 billion, a P/E ratio of 38.05, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a 50-day simple moving average of C$111.32 and a two-hundred day simple moving average of C$112.71. Stantec has a 12 month low of C$92.40 and a 12 month high of C$122.57.

Insider Activity

In other Stantec news, Director Asifa Samji bought 300 shares of the firm's stock in a transaction on Wednesday, August 14th. The shares were acquired at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the purchase, the director now directly owns 840 shares of the company's stock, valued at C$92,190. The trade was a 0.00 % increase in their ownership of the stock. In other news, Director Asifa Samji acquired 300 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the acquisition, the director now owns 840 shares of the company's stock, valued at C$92,190. This trade represents a 0.00 % increase in their ownership of the stock. Also, Director Vito Culmone bought 2,000 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The shares were bought at an average price of C$112.97 per share, with a total value of C$225,940.00. Insiders have bought 2,445 shares of company stock valued at $274,636 in the last 90 days. Insiders own 0.27% of the company's stock.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.

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