ATB Capital Forecasts Strong Price Appreciation for Stantec (TSE:STN) Stock

Stantec (TSE:STN) (NYSE:STN) had its price target increased by research analysts at ATB Capital from C$125.00 to C$135.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Capital’s target price would indicate a potential upside of 10.49% from the company’s current price.

A number of other brokerages have also commented on STN. National Bankshares boosted their target price on Stantec from C$140.00 to C$143.00 and gave the company an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group boosted their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. BMO Capital Markets upped their target price on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Royal Bank of Canada lifted their price target on shares of Stantec from C$128.00 to C$138.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, TD Securities boosted their price target on shares of Stantec from C$139.00 to C$145.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$140.33.

Stantec Trading Down 4.6 %

STN opened at C$122.18 on Wednesday. The company has a market cap of C$13.93 billion, a P/E ratio of 40.77, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a fifty day moving average price of C$112.32 and a two-hundred day moving average price of C$113.33. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. Stantec has a 1-year low of C$103.48 and a 1-year high of C$129.39.

Insider Activity at Stantec

In other news, Director Vito Culmone acquired 3,000 shares of Stantec stock in a transaction on Monday, December 30th. The stock was acquired at an average cost of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is owned by insiders.

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.