Canaccord Genuity Group Raises Stantec (TSE:STN) Price Target to C$165.00

Stantec (TSE:STN) (NYSE:STN) had its price target lifted by equities researchers at Canaccord Genuity Group from C$150.00 to C$165.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 8.94% from the company’s current price.

Several other equities analysts also recently commented on STN. Royal Bank Of Canada increased their price target on Stantec from C$138.00 to C$150.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. ATB Capital increased their price target on Stantec from C$140.00 to C$145.00 and gave the company a “sector perform” rating in a report on Thursday, May 22nd. Desjardins increased their price target on Stantec from C$148.00 to C$153.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. National Bankshares increased their price target on Stantec from C$144.00 to C$147.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Finally, TD Securities increased their price target on Stantec from C$145.00 to C$165.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Stantec presently has a consensus rating of “Buy” and an average target price of C$151.42.

Stantec Stock Down 0.5%

Shares of STN stock opened at C$151.46 on Wednesday. The stock’s 50 day simple moving average is C$147.68 and its 200 day simple moving average is C$128.95. Stantec has a twelve month low of C$103.48 and a twelve month high of C$154.89. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The company has a market capitalization of C$17.27 billion, a price-to-earnings ratio of 50.54, a PEG ratio of 1.46 and a beta of 0.82.

Insider Activity at Stantec

In other news, Director Clayton Bock acquired 1,250 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The shares were bought at an average price of C$139.51 per share, with a total value of C$174,392.88. Also, Director Susan Reisbord acquired 2,785 shares of the firm’s stock in a transaction dated Thursday, June 26th. The shares were purchased at an average cost of C$147.74 per share, for a total transaction of C$411,458.13. 0.27% of the stock is currently owned by corporate insiders.

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.