TD Securities Forecasts Strong Price Appreciation for Stantec (TSE:STN) Stock

Stantec (TSE:STN) (NYSE:STN) had its target price hoisted by analysts at TD Securities from C$139.00 to C$145.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 14.53% from the stock’s previous close.

Several other research analysts have also weighed in on STN. CIBC boosted their price objective on shares of Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. Canaccord Genuity Group increased their price objective on shares of Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. BMO Capital Markets raised their target price on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Finally, Raymond James increased their target price on shares of Stantec from C$120.00 to C$130.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$140.33.

Stantec Stock Up 5.6 %

Shares of STN stock traded up C$6.67 during trading hours on Wednesday, hitting C$126.60. 504,362 shares of the company were exchanged, compared to its average volume of 230,142. Stantec has a 52 week low of C$103.48 and a 52 week high of C$126.60. 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 business has a 50 day moving average of C$112.05 and a two-hundred day moving average of C$113.28. The company has a market capitalization of C$14.43 billion, a PE ratio of 42.25, a PEG ratio of 1.46 and a beta of 0.82.

Insider Buying and Selling at Stantec

In other Stantec news, Director Vito Culmone bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was bought 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.

About Stantec

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.