Stantec (TSE:STN) Given New C$141.00 Price Target at Scotiabank

Stantec (TSE:STN) (NYSE:STN) had its price objective increased by equities research analysts at Scotiabank from C$129.00 to C$141.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 11.37% from the company’s current price.

Several other brokerages have also commented on STN. BMO Capital Markets upped their target price on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. National Bankshares upped their price target on Stantec from C$140.00 to C$143.00 and gave the stock an “outperform” rating in a research note on Wednesday. Desjardins increased their price objective on Stantec from C$138.00 to C$148.00 and gave the stock a “buy” rating in a research note on Wednesday. Stifel Nicolaus increased their price target on Stantec from C$135.00 to C$144.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Canaccord Genuity Group increased their price target on Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Stantec has a consensus rating of “Moderate Buy” and a consensus target price of C$140.33.

Stantec Stock Up 5.6 %

Stantec stock traded up C$6.67 during midday trading on Wednesday, reaching C$126.60. The stock had a trading volume of 504,362 shares, compared to its average volume of 230,142. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The firm’s fifty day simple moving average is C$112.05 and its 200-day simple moving average is C$113.28. The stock has a market capitalization of C$14.43 billion, a P/E ratio of 42.25, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec has a 1-year low of C$103.48 and a 1-year high of C$126.60.

Insider Buying and Selling at Stantec

In other news, Director Vito Culmone acquired 3,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. Insiders own 0.27% of the company’s stock.

Stantec Company Profile

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.