Stantec Inc. (TSE:STN) (NYSE:STN) had its price objective raised by investment analysts at TD Securities from C$36.00 to C$38.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 10.47% from the company’s current price.

Several other research firms have also recently commented on STN. CIBC increased their price target on shares of Stantec from C$36.00 to C$37.00 in a research note on Thursday. Royal Bank Of Canada reissued a “sector perform” rating and set a C$34.00 price target on shares of Stantec in a research note on Thursday, June 22nd. Desjardins raised shares of Stantec from a “hold” rating to a “buy” rating and set a C$39.00 price target on the stock in a research note on Friday, May 12th. Finally, Raymond James Financial, Inc. cut their price objective on shares of Stantec from C$39.00 to C$35.00 and set an “outperform” rating on the stock in a report on Friday, May 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$36.13.

Stantec (TSE STN) traded down 1.80% on Thursday, reaching $33.78. 282,654 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $32.19 and its 200 day moving average price is $33.50. The firm has a market capitalization of $3.86 billion and a PE ratio of 90.32. Stantec has a 52-week low of $28.74 and a 52-week high of $36.85.

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In related news, Director Jeffrey Philip Stone sold 916 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of C$31.73, for a total value of C$29,064.68. Also, Director Valentino Dimanno acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of C$31.55 per share, for a total transaction of C$78,875.00. Over the last 90 days, insiders purchased 4,393 shares of company stock worth $139,371 and sold 16,916 shares worth $533,825.

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.

Analyst Recommendations for Stantec (TSE:STN)

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