Stantec (TSE:STN) Price Target Lowered to C$155.00 at Royal Bank Of Canada

Stantec (TSE:STN) (NYSE:STN) had its price objective decreased by Royal Bank Of Canada from C$175.00 to C$155.00 in a research report released on Friday,BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. Scotiabank cut their target price on shares of Stantec from C$162.00 to C$146.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Desjardins increased their target price on shares of Stantec from C$173.00 to C$178.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus cut their target price on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. TD Securities cut their target price on Stantec from C$183.00 to C$158.00 in a research note on Tuesday, February 24th. Finally, TD cut their target price on Stantec from C$158.00 to C$132.00 and set a “buy” rating for the company in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$151.69.

Stantec Stock Performance

TSE STN opened at C$106.39 on Friday. Stantec has a 52-week low of C$99.67 and a 52-week high of C$160.05. The company has a 50-day simple moving average of C$120.96 and a 200 day simple moving average of C$130.39. The company has a debt-to-equity ratio of 76.67, a quick ratio of 1.46 and a current ratio of 1.35. The company has a market capitalization of C$12.14 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$1.33 earnings per share (EPS) for the quarter. Stantec had a net margin of 6.19% and a return on equity of 15.21%. The business had revenue of C$2.07 billion during the quarter.

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.