Stantec (TSE:STN) Price Target Raised to C$141.00 at Scotiabank

Stantec (TSE:STN - Get Free Report) NYSE: STN had its target price hoisted by research analysts at Scotiabank from C$129.00 to C$141.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Scotiabank's price objective would indicate a potential upside of 14.39% from the company's current price.

A number of other equities analysts have also recently weighed in on STN. Royal Bank of Canada increased their price objective on shares of Stantec from C$128.00 to C$138.00 and gave the stock an "outperform" rating in a research report on Wednesday. BMO Capital Markets increased their target price on shares of Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. CIBC raised their price objective on shares of Stantec from C$134.00 to C$139.00 and gave the company an "outperform" rating in a report on Wednesday. ATB Capital raised their price objective on shares of Stantec from C$125.00 to C$135.00 and gave the company a "sector perform" rating in a report on Wednesday. Finally, National Bankshares lifted their price target on shares of Stantec from C$140.00 to C$143.00 and gave the stock an "outperform" rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$140.33.

Remove Ads

Stantec Trading Up 0.9 %

Shares of Stantec stock traded up C$1.08 during mid-day trading on Wednesday, hitting C$123.26. The stock had a trading volume of 597,665 shares, compared to its average volume of 259,937. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The firm has a market cap of C$14.05 billion, a P/E ratio of 41.13, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The firm has a 50-day moving average of C$112.66 and a two-hundred day moving average of C$113.38. Stantec has a 12-month low of C$103.48 and a 12-month high of C$129.39.

Insider Activity

In related news, Director Vito Culmone acquired 3,000 shares of Stantec stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of C$112.03 per share, for a total transaction 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.