Stantec (TSE:STN) Price Target Raised to C$168.00 at Royal Bank Of Canada

Stantec (TSE:STN) (NYSE:STN) had its target price boosted by equities research analysts at Royal Bank Of Canada from C$153.00 to C$168.00 in a note issued to investors on Monday,BayStreet.CA reports. Royal Bank Of Canada’s price objective would indicate a potential upside of 20.39% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. National Bankshares upped their target price on Stantec from C$162.00 to C$164.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. CIBC upped their price objective on Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Stifel Nicolaus increased their price objective on Stantec from C$160.00 to C$175.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Raymond James Financial boosted their target price on shares of Stantec from C$155.00 to C$160.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Finally, Scotiabank raised their price target on shares of Stantec from C$160.00 to C$161.00 in a research note on Friday, October 17th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Stantec currently has an average rating of “Moderate Buy” and a consensus price target of C$162.91.

Stantec Price Performance

Stantec stock traded down C$9.08 during trading hours on Monday, hitting C$139.55. The stock had a trading volume of 468,607 shares, compared to its average volume of 288,620. Stantec has a 1-year low of C$107.23 and a 1-year high of C$160.05. The stock has a market capitalization of C$15.92 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 1.46 and a beta of 0.82. The stock’s fifty day moving average is C$153.18 and its two-hundred day moving average is C$148.38. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings data on Thursday, November 13th. The company reported C$1.53 EPS for the quarter. The business had revenue of C($435.10) million for the quarter. Stantec had a net margin of 4.78% and a return on equity of 12.08%.

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.