Stantec (TSE:STN) Price Target Raised to C$36.00

Stantec (TSE:STN) (NYSE:STN) had its price objective upped by stock analysts at Royal Bank of Canada from C$34.00 to C$36.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 1.64% from the stock’s previous close.

Several other research firms also recently weighed in on STN. TD Securities raised shares of Stantec from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$33.00 to C$39.00 in a research report on Friday, November 8th. Raymond James reiterated an “outperform” rating and issued a C$37.50 price target on shares of Stantec in a research note on Friday, November 8th. CIBC raised Stantec from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$35.00 to C$40.00 in a report on Friday, November 8th. AltaCorp Capital increased their target price on Stantec from C$41.00 to C$46.00 in a report on Friday, November 8th. Finally, National Bank Financial upgraded Stantec from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$30.50 to C$36.00 in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$38.85.

TSE STN traded up C$0.34 during trading hours on Wednesday, reaching C$35.42. 138,327 shares of the company traded hands, compared to its average volume of 214,168. Stantec has a 12 month low of C$26.67 and a 12 month high of C$35.75. The company has a current ratio of 1.77, a quick ratio of 1.72 and a debt-to-equity ratio of 88.83. The stock has a market capitalization of $3.90 billion and a PE ratio of 28.16. The company has a 50 day moving average of C$31.77 and a two-hundred day moving average of C$30.85.

About Stantec

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

Further Reading: Sell-Side Analysts

Analyst Recommendations for Stantec (TSE:STN)

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