Stantec (TSE:STN) Price Target Raised to C$148.00

Stantec (TSE:STN) (NYSE:STN) had its price target hoisted by investment analysts at Desjardins from C$138.00 to C$148.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 16.90% from the stock’s previous close.

STN has been the subject of several other research reports. Canaccord Genuity Group increased their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Raymond James lifted their price target on shares of Stantec from C$120.00 to C$130.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Royal Bank of Canada boosted their price target on shares of Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group boosted their price target on shares of Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, CIBC increased their target price on shares of Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$140.33.

Stantec Stock Performance

Shares of STN traded up C$6.67 during trading hours 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 stock has a fifty day moving average price of C$112.05 and a 200 day moving average price of C$113.28. Stantec has a 12 month low of C$103.48 and a 12 month high of C$126.60. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The firm has a market capitalization of C$14.43 billion, a PE ratio of 42.25, a PEG ratio of 1.46 and a beta of 0.82.

Insider Buying and Selling

In other Stantec news, Director Vito Culmone purchased 3,000 shares of the stock in a transaction on Monday, December 30th. The shares were bought at an average price of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is currently owned by company insiders.

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.