Stantec (TSE:STN) Given New C$130.00 Price Target at Raymond James

Stantec (TSE:STNGet Free Report) (NYSE:STN) had its price target boosted by research analysts at Raymond James from C$120.00 to C$130.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ price objective points to a potential upside of 16.14% from the company’s current price.

STN has been the topic of a number of other research reports. Stifel Nicolaus upped their price target on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Canaccord Genuity Group increased their price target on Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. BMO Capital Markets boosted their target price on shares of Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Scotiabank upgraded Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Finally, CIBC raised their target price on shares of Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy” and an average price target of C$130.50.

Read Our Latest Research Report on STN

Stantec Stock Performance

Stantec stock traded down C$0.04 during mid-day trading on Tuesday, reaching C$111.93. 79,889 shares of the company were exchanged, compared to its average volume of 173,358. The firm has a market cap of C$12.77 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. Stantec has a twelve month low of C$103.48 and a twelve month high of C$123.92. The firm’s 50-day simple moving average is C$115.75 and its two-hundred day simple moving average is C$114.20.

Insider Activity

In other news, Director Vito Culmone bought 3,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were acquired at an average cost of C$112.03 per share, with a total value of C$336,099.00. Insiders own 0.27% of the company’s stock.

About Stantec

(Get Free Report)

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.

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Analyst Recommendations for Stantec (TSE:STN)

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