National Bankshares Forecasts Strong Price Appreciation for Stantec (TSE:STN) Stock

Stantec (TSE:STN) (NYSE:STN) had its target price raised by research analysts at National Bankshares from C$143.00 to C$144.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 23.72% from the stock’s previous close.

STN has been the topic of a number of other reports. Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$130.00 to C$140.00 in a research note on Wednesday, February 26th. ATB Capital raised their target price on shares of Stantec from C$125.00 to C$135.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 26th. CIBC increased their price target on Stantec from C$134.00 to C$139.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group raised their price objective on Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, TD Securities upped their target price on Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Stantec has a consensus rating of “Buy” and a consensus price target of C$140.42.

Stantec Price Performance

Shares of STN stock opened at C$116.39 on Wednesday. The business has a fifty day simple moving average of C$116.14 and a 200 day simple moving average of C$114.99. The company has a market cap of C$13.27 billion, a P/E ratio of 38.84, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. Stantec has a twelve month low of C$103.48 and a twelve month high of C$129.39.

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.