Stantec (TSE:STN) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Stantec (TSE:STN) (NYSE:STN) had its target price upped by research analysts at Royal Bank of Canada from C$128.00 to C$138.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 12.95% from the company’s previous close.

A number of other brokerages have also issued reports on STN. Canaccord Genuity Group raised their price target on shares of Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. BMO Capital Markets raised their target price on Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. TD Securities upped their price target on Stantec from C$139.00 to C$145.00 and gave the company a “buy” rating in a research report on Wednesday. CIBC lifted their price objective on Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Finally, Raymond James boosted their target price on Stantec from C$120.00 to C$130.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Two investment 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.com, Stantec presently has a consensus rating of “Moderate Buy” and an average target price of C$140.33.

Stantec Stock Performance

TSE:STN opened at C$122.18 on Wednesday. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. Stantec has a fifty-two week low of C$103.48 and a fifty-two week high of C$129.39. The firm has a market cap of C$13.93 billion, a PE ratio of 40.77, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The business has a 50 day moving average price of C$112.32 and a 200-day moving average price of C$113.33.

Insider Activity

In related news, Director Vito Culmone purchased 3,000 shares of Stantec stock in a transaction dated Monday, December 30th. The stock was purchased at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. Company 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.