Canaccord Genuity Group Upgrades Stantec (TSE:STN) to "Strong-Buy"

Stantec (TSE:STN - Get Free Report) NYSE: STN was upgraded by stock analysts at Canaccord Genuity Group from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Friday,Zacks.com reports.

Several other equities analysts have also recently issued reports on STN. Scotiabank raised Stantec to a "strong-buy" rating in a report on Friday, October 25th. BMO Capital Markets upped their target price on Stantec from C$128.00 to C$131.00 in a research note on Wednesday, July 24th. Raymond James lowered Stantec from an "outperform" rating to a "market perform" rating and dropped their target price for the company from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Finally, Stifel Nicolaus upped their target price on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Stantec presently has an average rating of "Moderate Buy" and a consensus price target of C$124.33.

Stantec Stock Performance

Shares of STN stock traded down C$1.21 during midday trading on Friday, hitting C$114.34. The company had a trading volume of 93,276 shares, compared to its average volume of 261,265. The company's 50 day simple moving average is C$111.40 and its 200 day simple moving average is C$112.75. Stantec has a 52-week low of C$92.40 and a 52-week high of C$122.57. The stock has a market cap of C$13.04 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46.

Insider Transactions at Stantec

In related news, Director Vito Culmone acquired 2,000 shares of Stantec stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average cost of C$112.97 per share, with a total value of C$225,940.00. In other Stantec news, Director Vito Culmone bought 2,000 shares of Stantec stock in a transaction dated Tuesday, August 20th. The stock was bought at an average price of C$112.97 per share, for a total transaction of C$225,940.00. Also, Director Asifa Samji bought 300 shares of Stantec stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the acquisition, the director now directly owns 840 shares of the company's stock, valued at approximately C$92,190. This represents a 0.00 % increase in their ownership of the stock. Insiders purchased a total of 2,445 shares of company stock valued at $274,636 in the last three months. 0.27% of the stock is currently owned by corporate insiders.

About Stantec

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.