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

Stantec (TSE:STN) (NYSE:STN) had its target price boosted by investment analysts at Scotiabank from C$129.00 to C$141.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 15.40% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. 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. BMO Capital Markets upped their target price on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Canaccord Genuity Group lifted their price target on Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a report on Wednesday. CIBC upped their price objective on shares of Stantec from C$134.00 to C$139.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Canaccord Genuity Group raised their price objective on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Two investment 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 company. According to MarketBeat.com, Stantec currently has a consensus rating of “Moderate Buy” and a consensus price target of C$140.33.

Stantec Stock Down 4.6 %

Shares of TSE STN opened at C$122.18 on Wednesday. The stock has a market cap of C$13.93 billion, a PE ratio of 40.77, a P/E/G ratio of 1.46 and a beta of 0.82. 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 12-month low of C$103.48 and a 12-month high of C$129.39. The company has a 50-day moving average of C$112.32 and a 200 day moving average of C$113.33.

Insider Buying and Selling

In other news, Director Vito Culmone bought 3,000 shares of the business’s stock in a transaction on Monday, December 30th. The shares were bought 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.

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.