Stantec (TSE:STN) Stock Price Expected to Rise, CIBC Analyst Says

Stantec (TSE:STN) (NYSE:STN) had its price objective upped by equities researchers at CIBC from C$134.00 to C$139.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 13.77% from the stock’s previous close.

Several other research firms have also weighed in on STN. National Bankshares upped their price target 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 lifted their target price on shares of Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James lifted their price objective on Stantec from C$120.00 to C$130.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Canaccord Genuity Group upped their target price on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Finally, BMO Capital Markets lifted their price target on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Stantec presently has an average rating of “Moderate Buy” and an average price target of C$140.33.

Stantec Price Performance

Shares of TSE:STN opened at C$122.18 on Wednesday. The company’s fifty day moving average is C$112.32 and its two-hundred day moving average is C$113.33. 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. Stantec has a 12-month low of C$103.48 and a 12-month high of C$129.39. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29.

Insiders Place Their Bets

In other Stantec news, Director Vito Culmone purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost 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.