CIBC Forecasts Strong Price Appreciation for Stantec (TSE:STN) Stock

Stantec (TSE:STN - Get Free Report) NYSE: STN had its price target hoisted by investment analysts at CIBC from C$156.00 to C$168.00 in a report issued on Friday,BayStreet.CA reports. CIBC's price objective would suggest a potential upside of 9.40% from the stock's current price.

Several other research analysts have also weighed in on the stock. Desjardins increased their price objective on shares of Stantec from C$148.00 to C$153.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Royal Bank Of Canada increased their target price on shares of Stantec from C$138.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. TD Securities increased their price objective on shares of Stantec from C$145.00 to C$165.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group increased their price objective on shares of Stantec from C$138.00 to C$150.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, Stifel Nicolaus increased their price objective on shares of Stantec from C$156.00 to C$165.00 in a research report on Wednesday. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$150.17.

Stantec Price Performance

Shares of TSE:STN traded up C$0.88 on Friday, reaching C$153.57. 71,062 shares of the company were exchanged, compared to its average volume of 268,448. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. Stantec has a 1-year low of C$103.48 and a 1-year high of C$153.62. The firm has a market cap of C$17.51 billion, a price-to-earnings ratio of 51.25, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a 50-day moving average of C$144.34 and a 200-day moving average of C$125.93.

Insider Buying and Selling

In other news, Director Clayton Bock acquired 1,250 shares of Stantec stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of C$139.51 per share, for a total transaction of C$174,392.88. Also, Director Susan Reisbord acquired 2,785 shares of Stantec stock in a transaction that occurred on Thursday, June 26th. The shares were purchased at an average price of C$147.74 per share, for a total transaction of C$411,458.13. 0.27% of the stock is currently owned by company insiders.

Stantec Company Profile

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.

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