Stantec (TSE:STN) Stock Price Expected to Rise, CIBC Analyst Says

Stantec (TSE:STN) (NYSE:STN) had its price target hoisted by CIBC from C$121.50 to C$134.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 14.29% from the stock’s current price.

Several other research analysts also recently commented on the stock. BMO Capital Markets lifted their target price on shares of Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Canaccord Genuity Group boosted their price objective on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Scotiabank raised shares of Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus boosted their price objective on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Stantec has a consensus rating of “Moderate Buy” and a consensus price target of C$129.50.

Stantec Trading Down 1.0 %

Shares of TSE STN traded down C$1.14 during mid-day trading on Friday, hitting C$117.25. The stock had a trading volume of 85,145 shares, compared to its average volume of 260,252. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. Stantec has a 1 year low of C$99.81 and a 1 year high of C$123.92. The business has a 50 day moving average price of C$116.19 and a two-hundred day moving average price of C$113.86. The firm has a market cap of C$13.37 billion, a P/E ratio of 38.75, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Insider Activity at Stantec

In other Stantec news, Director Vito Culmone purchased 4,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of C$121.49 per share, for a total transaction of C$485,960.00. 0.27% of the stock is currently owned by corporate insiders.

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.