Stantec Inc. (TSE:STN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Stantec Inc. (TSE:STN) (NYSE:STN) has earned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$166.50.

Several research firms recently issued reports on STN. Stifel Nicolaus increased their target price on Stantec from C$169.00 to C$173.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Scotiabank boosted their price target on Stantec from C$161.00 to C$162.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. TD Securities increased their price objective on shares of Stantec from C$176.00 to C$183.00 and gave the company a “buy” rating in a report on Monday, October 27th. Desjardins lifted their price objective on shares of Stantec from C$160.00 to C$173.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, Royal Bank Of Canada boosted their target price on shares of Stantec from C$153.00 to C$168.00 in a report on Monday, November 17th.

Insider Activity at Stantec

In other news, Director Gordon Allan Johnston acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was purchased at an average price of C$131.52 per share, for a total transaction of C$526,080.00. Following the completion of the transaction, the director directly owned 53,793 shares in the company, valued at approximately C$7,074,855.36. This trade represents a 8.03% increase in their position. 0.27% of the stock is owned by company insiders.

Stantec Stock Up 0.7%

STN opened at C$123.31 on Friday. Stantec has a fifty-two week low of C$108.09 and a fifty-two week high of C$160.05. 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 stock has a market cap of C$14.07 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 1.46 and a beta of 0.79. The firm’s fifty day moving average is C$132.57 and its 200 day moving average is C$142.72.

Stantec Company Profile

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.