Stantec (TSE:STN) Stock Price Expected to Rise, CIBC Analyst Says

Stantec (TSE:STN) (NYSE:STN) had its price target boosted by stock analysts at CIBC from C$134.00 to C$139.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 9.79% from the stock’s current price.

Several other equities research analysts have also commented on the company. Desjardins upped 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. Canaccord Genuity Group lifted their price objective on shares of Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada lifted their price objective on shares of Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Wednesday. Raymond James boosted their target price on shares of Stantec from C$120.00 to C$130.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Finally, TD Securities upped their price objective on shares of Stantec from C$139.00 to C$145.00 and gave the company a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$140.33.

Stantec Price Performance

STN stock traded up C$6.67 during mid-day trading on Wednesday, hitting C$126.60. 504,362 shares of the stock were exchanged, compared to its average volume of 230,142. The stock has a market capitalization of C$14.43 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 1.46 and a beta of 0.82. The business has a fifty day moving average price of C$112.05 and a 200 day moving average price of C$113.28. 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 has a 12 month low of C$103.48 and a 12 month high of C$126.60.

Insider Activity at Stantec

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

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.