Stantec (TSE:STN) Price Target Lowered to C$154.00 at Stifel Nicolaus

Stantec (TSE:STN) (NYSE:STN) had its target price decreased by analysts at Stifel Nicolaus from C$172.00 to C$154.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 22.74% from the company’s current price.

A number of other research firms also recently issued reports on STN. Royal Bank Of Canada raised their price target on Stantec from C$168.00 to C$175.00 in a research note on Friday. National Bank Financial lowered their target price on shares of Stantec from C$167.00 to C$161.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Scotiabank reduced their price target 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. Desjardins raised 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 report on Friday, December 12th. Finally, TD Securities reduced their target price on shares of Stantec from C$183.00 to C$158.00 in a report on Tuesday. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$161.90.

Stantec Stock Performance

Shares of STN stock traded down C$4.86 during mid-day trading on Friday, hitting C$125.47. 257,938 shares of the stock were exchanged, compared to its average volume of 415,510. The stock’s fifty day simple moving average is C$132.18 and its two-hundred day simple moving average is C$141.96. 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 has a 12-month low of C$109.74 and a 12-month high of C$160.05. The stock has a market capitalization of C$14.31 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 1.46 and a beta of 0.79.

Insider Activity

In other news, Director Gordon Allan Johnston purchased 4,000 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were acquired at an average price of C$131.52 per share, with a total value of C$526,080.00. Following the purchase, the director directly 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. Insiders own 0.27% of the company’s stock.

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.