Stantec (TSE:STN) Price Target Raised to C$162.00

Stantec (TSE:STN) (NYSE:STN) had its price target lifted by Scotiabank from C$161.00 to C$162.00 in a report released on Thursday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on STN. Royal Bank Of Canada upped their price target on Stantec from C$153.00 to C$168.00 in a research report on Monday, November 17th. TD Securities upped their target price on Stantec from C$176.00 to C$183.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Desjardins raised their price target on Stantec from C$160.00 to C$173.00 and gave the stock a “buy” rating in a report on Friday, December 12th. CIBC upped their price objective on shares of Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Finally, National Bankshares decreased their price objective on shares of Stantec from C$167.00 to C$161.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy” and an average target price of C$166.70.

Stantec Stock Performance

Shares of Stantec stock opened at C$137.56 on Thursday. The company has a market capitalization of C$15.69 billion, a PE ratio of 32.44, a P/E/G ratio of 1.46 and a beta of 0.78. The company has a 50-day simple moving average of C$133.50 and a two-hundred day simple moving average of C$145.51. Stantec has a one year low of C$107.23 and a one year 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.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$1.53 earnings per share (EPS) for the quarter. Stantec had a net margin of 4.78% and a return on equity of 12.08%. The firm had revenue of C$2.14 billion for the quarter.

Insider Transactions at Stantec

In other Stantec news, Director Gordon Allan Johnston purchased 4,000 shares of the stock in a transaction on Wednesday, December 24th. The shares were bought at an average cost of C$131.52 per share, with a total value of C$526,080.00. Following the completion of the acquisition, the director owned 53,793 shares in the company, valued at C$7,074,855.36. This trade represents a 8.03% increase in their ownership of the stock. 0.27% of the stock is owned by corporate insiders.

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.