Stifel Nicolaus Lowers Stantec (TSE:STN) Price Target to C$143.00

Stantec (TSE:STN) (NYSE:STN) had its price objective lowered by Stifel Nicolaus from C$150.00 to C$143.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 18.05% from the company’s current price.

A number of other research analysts have also recently issued reports on STN. Scotiabank lifted their price target on shares of Stantec from C$129.00 to C$141.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. CIBC raised their target price on shares of Stantec from C$139.00 to C$141.00 in a research note on Thursday. Royal Bank of Canada upped their price target on Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Desjardins raised their target price on shares of Stantec from C$138.00 to C$148.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, National Bankshares upped their price target on shares of Stantec from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Wednesday, April 9th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Stantec currently has a consensus rating of “Buy” and an average target price of C$140.50.

Stantec Price Performance

STN stock traded up C$0.67 during midday trading on Thursday, reaching C$121.14. The company had a trading volume of 50,840 shares, compared to its average volume of 270,197. The company has a market capitalization of C$13.81 billion, a P/E ratio of 40.43, a P/E/G ratio of 1.46 and a beta of 0.82. 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 1 year low of C$103.48 and a 1 year high of C$129.39. The firm has a 50-day moving average price of C$116.99 and a 200-day moving average price of C$115.26.

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.