Stantec Inc. (STN) Price Target Raised to C$43.00 at Desjardins
Stantec Inc. (TSE:STN) (NYSE:STN) had its price objective hoisted by investment analysts at Desjardins from C$39.00 to C$43.00 in a research report issued to clients and investors on Monday. Desjardins’ target price suggests a potential upside of 18.75% from the company’s current price.
Several other research analysts have also recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a C$40.00 price target on shares of Stantec in a report on Monday, October 23rd. Canaccord Genuity boosted their price target on shares of Stantec from C$34.00 to C$36.00 in a report on Tuesday, October 31st. Scotiabank restated an “outperform” rating and set a C$40.00 price target on shares of Stantec in a report on Friday. CIBC boosted their price target on shares of Stantec from C$36.00 to C$37.00 in a report on Thursday, August 10th. Finally, Raymond James Financial, Inc. boosted their target price on shares of Stantec from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$39.43.
Stantec (TSE:STN) traded up C$0.71 during trading on Monday, reaching C$36.21. 244,067 shares of the company traded hands, compared to its average volume of 204,887. Stantec has a 1-year low of C$30.24 and a 1-year high of C$37.13.
In other news, Director Donald James Lowry purchased 3,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of C$33.50 per share, with a total value of C$100,500.00. Also, Director Paul Jeremy David Alpern sold 1,498 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of C$33.99, for a total transaction of C$50,917.02.
Stantec Company Profile
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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