TD Securities Raises Stantec (TSE:STN) Price Target to C$145.00

Stantec (TSE:STN) (NYSE:STN) had its target price upped by investment analysts at TD Securities from C$139.00 to C$145.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 18.68% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Canaccord Genuity Group increased their price target on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. CIBC increased their price target on shares of Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Raymond James increased their price target on shares of 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. Finally, BMO Capital Markets increased their price target on shares of Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Stantec presently has a consensus rating of “Moderate Buy” and an average price target of C$140.33.

Stantec Stock Performance

TSE STN opened at C$122.18 on Wednesday. Stantec has a 1 year low of C$103.48 and a 1 year high of C$129.39. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The firm has a market cap of C$13.93 billion, a price-to-earnings ratio of 40.77, a PEG 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 200-day moving average price of C$113.33.

Insider Activity

In other news, Director Vito Culmone acquired 3,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is owned by company insiders.

Stantec Company Profile

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.