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

Stantec (TSE:STN) (NYSE:STN) had its target price raised by Stifel Nicolaus from C$135.00 to C$144.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 17.86% from the company’s previous close.

STN has been the subject of a number of other reports. CIBC upped their target price on shares of Stantec from C$134.00 to C$139.00 and gave the company an “outperform” rating in a report on Wednesday. TD Securities upped their price objective on Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets raised their target price on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Canaccord Genuity Group boosted their price target on Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Canaccord Genuity Group upped their price target on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$140.33.

Stantec Trading Down 4.6 %

Stantec stock opened at C$122.18 on Wednesday. Stantec has a 52-week low of C$103.48 and a 52-week high of C$129.39. The company has a market cap of C$13.93 billion, a P/E ratio of 40.77, a P/E/G ratio of 1.46 and a beta of 0.82. 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 business has a 50-day simple moving average of C$112.32 and a two-hundred day simple moving average of C$113.33.

Insiders Place Their Bets

In related news, Director Vito Culmone bought 3,000 shares of the stock in a transaction dated Monday, December 30th. The shares were purchased at an average price of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is currently owned by corporate 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.