Stantec (STN) Trading Down 9.9%
Stantec Inc. (TSE:STN) (NYSE:STN) shares dropped 9.9% during mid-day trading on Thursday . The stock traded as low as C$32.40 and last traded at C$33.01. Approximately 1,606,901 shares were traded during mid-day trading, an increase of 518% from the average daily volume of 259,852 shares. The stock had previously closed at C$36.65.
STN has been the subject of several analyst reports. CIBC upped their price target on shares of Stantec from C$37.00 to C$38.00 in a research report on Monday, November 13th. National Bank Financial cut their price target on shares of Stantec from C$42.00 to C$39.00 and set an “outperform” rating for the company in a research report on Friday, December 1st. Scotiabank restated an “outperform” rating and set a C$40.00 price target on shares of Stantec in a research report on Friday, November 10th. Raymond James Financial upped their price target on shares of Stantec from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, Canaccord Genuity upped their price target on shares of Stantec from C$34.00 to C$36.00 in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Stantec presently has an average rating of “Buy” and an average target price of C$39.50.
The stock has a market cap of $4,130.00, a PE ratio of 36.29 and a beta of 1.20.
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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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