Stantec (TSE:STN) Price Target Raised to C$163.00

Stantec (TSE:STN) (NYSE:STN) had its price target increased by analysts at National Bank Financial from C$161.00 to C$163.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 29.91% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Stantec from C$168.00 to C$175.00 in a research report on Friday. Stifel Nicolaus decreased their price objective on shares of Stantec from C$172.00 to C$154.00 and set a “buy” rating for the company in a research note on Friday. TD Securities cut their target price on Stantec from C$183.00 to C$158.00 in a research note on Tuesday. Desjardins lifted their price target on Stantec from C$160.00 to C$173.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, Scotiabank cut their price objective on Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a research report on Friday. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$161.90.

Stantec Stock Down 3.7%

Shares of STN traded down C$4.86 during trading hours on Friday, reaching C$125.47. The stock had a trading volume of 257,938 shares, compared to its average volume of 415,510. The firm has a 50-day simple moving average of C$132.18 and a 200 day simple moving average of C$141.96. Stantec has a 12 month low of C$109.74 and a 12 month high of C$160.05. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The company has a market capitalization of C$14.31 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 1.46 and a beta of 0.79.

Insiders Place Their Bets

In other Stantec news, Director Gordon Allan Johnston bought 4,000 shares of the stock in a transaction on Wednesday, December 24th. The shares were acquired at an average price of C$131.52 per share, with a total value of C$526,080.00. Following the acquisition, the director directly owned 53,793 shares of the company’s stock, valued at C$7,074,855.36. The trade was a 8.03% increase in their position. Corporate insiders own 0.27% of the company’s stock.

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.