TD Securities Issues Pessimistic Forecast for Stantec (TSE:STN) Stock Price

Stantec (TSE:STN) (NYSE:STN) had its price objective dropped by analysts at TD Securities from C$183.00 to C$158.00 in a report released on Tuesday,BayStreet.CA reports. TD Securities’ price objective points to a potential upside of 32.07% from the company’s previous close.

Several other research firms have also recently commented on STN. Scotiabank raised their price target on Stantec from C$161.00 to C$162.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Desjardins raised their target price on Stantec from C$160.00 to C$173.00 and gave the company a “buy” rating in a report on Friday, December 12th. Royal Bank Of Canada upped their price target on shares of Stantec from C$153.00 to C$168.00 in a research note on Monday, November 17th. Stifel Nicolaus increased their price target on shares of Stantec from C$169.00 to C$173.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, National Bank Financial reduced their price objective on shares of Stantec from C$167.00 to C$161.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$164.00.

Stantec Stock Performance

Shares of TSE:STN traded down C$1.12 during trading on Tuesday, reaching C$119.63. The company had a trading volume of 463,898 shares, compared to its average volume of 383,959. Stantec has a fifty-two week low of C$109.74 and a fifty-two week high of C$160.05. 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 stock’s fifty day moving average price is C$132.41 and its 200 day moving average price is C$142.38. The firm has a market capitalization of C$13.65 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 1.46 and a beta of 0.79.

Insider Activity

In related news, Director Gordon Allan Johnston acquired 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The stock was purchased at an average cost of C$131.52 per share, for a total transaction of C$526,080.00. Following the transaction, the director directly owned 53,793 shares of the company’s stock, valued at approximately C$7,074,855.36. This trade represents a 8.03% increase in their position. 0.27% of the stock is owned by corporate insiders.

Stantec Company Profile

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.