Stantec (TSE:STN) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Stantec (TSE:STN) (NYSE:STN) had its target price lifted by research analysts at Canaccord Genuity Group from C$135.00 to C$138.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 9.00% from the company’s current price.

Other research analysts have also issued research reports about the stock. TD Securities boosted their price objective on shares of Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a research note on Wednesday. CIBC raised their target price on shares of Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. Raymond James lifted their price objective 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. BMO Capital Markets lifted their price target on shares of Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Finally, Royal Bank of Canada raised their target price on Stantec from C$128.00 to C$138.00 and gave the company an “outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from 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 trading hours on Wednesday, hitting 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 quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. 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. The stock’s 50-day moving average price is C$112.05 and its 200-day moving average price is C$113.28. Stantec has a 12-month low of C$103.48 and a 12-month high of C$126.60.

Insider Buying and Selling at Stantec

In other Stantec news, Director Vito Culmone acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of C$112.03 per share, with a total value 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.