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

Stantec (TSE:STN) (NYSE:STN) had its price target increased by research analysts at BMO Capital Markets from C$135.00 to C$138.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 12.71% from the stock’s previous close.

Several other brokerages also recently issued reports on STN. Canaccord Genuity Group increased their price objective on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Raymond James downgraded shares of Stantec from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Stifel Nicolaus increased their price objective on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Finally, Scotiabank upgraded shares of Stantec to a “strong-buy” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Stantec presently has a consensus rating of “Moderate Buy” and an average target price of C$128.10.

Stantec Stock Up 0.3 %

Shares of STN stock opened at C$122.44 on Friday. The firm has a fifty day moving average of C$115.32 and a 200-day moving average of C$113.63. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74. Stantec has a 12-month low of C$99.81 and a 12-month high of C$123.92. The company has a market capitalization of C$13.97 billion, a price-to-earnings ratio of 40.28, a P/E/G ratio of 1.46 and a beta of 0.82.

Insider Buying and Selling at Stantec

In other news, Director Vito Culmone purchased 4,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of C$121.49 per share, for a total transaction of C$485,960.00. Corporate insiders own 0.27% of the company’s stock.

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.