Scotiabank Raises Stantec (TSE:STN) Price Target to C$141.00

Stantec (TSE:STN) (NYSE:STN) had its target price raised by equities researchers at Scotiabank from C$129.00 to C$141.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 11.37% from the company’s previous close.

A number of other brokerages also recently commented on STN. Canaccord Genuity Group increased their price objective on Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a research report on Wednesday. Stifel Nicolaus boosted their price objective on shares of Stantec from C$135.00 to C$144.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets upped their price target on shares of Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. CIBC upped their price objective on shares of Stantec from C$134.00 to C$139.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Desjardins increased their target price on shares of Stantec from C$138.00 to C$148.00 and gave the stock a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Stantec has an average rating of “Moderate Buy” and a consensus price target of C$140.33.

Stantec Price Performance

TSE STN traded up C$6.67 during mid-day trading on Wednesday, hitting C$126.60. The stock had a trading volume of 504,362 shares, compared to its average volume of 230,142. 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 company has a 50 day simple moving average of C$112.05 and a 200 day simple moving average of C$113.28. The company has a market cap of C$14.43 billion, a price-to-earnings ratio of 42.25, a P/E/G ratio of 1.46 and a beta of 0.82. Stantec has a 52-week low of C$103.48 and a 52-week high of C$126.60.

Insider Transactions at Stantec

In related news, Director Vito Culmone purchased 3,000 shares of the company’s stock in a transaction that occurred on 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. 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.