Stantec (TSE:STN) Given New C$158.00 Price Target at TD Securities

Stantec (TSE:STN) (NYSE:STN) had its target price cut by TD Securities from C$183.00 to C$158.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

A number of other brokerages have also commented on STN. Stifel Nicolaus increased their price target on Stantec from C$169.00 to C$173.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Royal Bank Of Canada increased their target price on Stantec from C$153.00 to C$168.00 in a research report on Monday, November 17th. Scotiabank boosted their price target on shares of Stantec from C$161.00 to C$162.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. National Bank Financial decreased their price target on shares of Stantec from C$167.00 to C$161.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Finally, Desjardins lifted their price objective on shares of Stantec from C$160.00 to C$173.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$164.00.

Stantec Stock Performance

STN opened at C$120.43 on Tuesday. 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 capitalization of C$13.74 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.46 and a beta of 0.79. The company has a fifty day moving average of C$132.21 and a 200 day moving average of C$142.17. Stantec has a fifty-two week low of C$109.74 and a fifty-two week high of C$160.05.

Insider Buying and Selling at Stantec

In other news, Director Gordon Allan Johnston bought 4,000 shares of the 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 acquisition, the director owned 53,793 shares of the company’s stock, valued at C$7,074,855.36. The trade was a 8.03% increase in their ownership of the stock. Corporate insiders own 0.27% of the company’s stock.

About Stantec

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.