TD Securities Cuts Stantec (TSE:STN) Price Target to C$158.00

Stantec (TSE:STN) (NYSE:STN) had its target price reduced by TD Securities from C$183.00 to C$158.00 in a research note released on Tuesday,BayStreet.CA reports.

STN has been the topic of several other reports. Stifel Nicolaus raised their price objective on Stantec from C$169.00 to C$173.00 and gave the company a “buy” rating in a research report on Friday, February 6th. National Bank Financial decreased their target price on 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. Scotiabank raised their target price on Stantec from C$161.00 to C$162.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Desjardins boosted their price target on Stantec from C$160.00 to C$173.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, Royal Bank Of Canada upped their price target on Stantec from C$153.00 to C$168.00 in a report on Monday, November 17th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$164.00.

Stantec Price Performance

Stantec stock opened at C$130.33 on Tuesday. The firm has a fifty day moving average of C$132.18 and a 200-day moving average of C$141.96. Stantec has a 52-week low of C$109.74 and a 52-week high of C$160.05. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The firm has a market capitalization of C$14.87 billion, a P/E ratio of 30.74, a PEG ratio of 1.46 and a beta of 0.79.

Insider Activity

In other Stantec news, Director Gordon Allan Johnston bought 4,000 shares of Stantec stock in a transaction dated Wednesday, December 24th. The stock was bought at an average cost of C$131.52 per share, for a total transaction of C$526,080.00. Following the purchase, the director owned 53,793 shares in the company, valued at C$7,074,855.36. This represents a 8.03% increase in their position. 0.27% of the stock is currently owned by 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.