Stantec (TSE:STN) Price Target Raised to C$156.00 at CIBC

Stantec (TSE:STN - Get Free Report) NYSE: STN had its price target lifted by equities research analysts at CIBC from C$141.00 to C$156.00 in a report issued on Thursday,BayStreet.CA reports. CIBC's price objective points to a potential upside of 11.57% from the stock's current price.

STN has been the topic of a number of other research reports. Royal Bank of Canada increased their target price on Stantec from C$138.00 to C$150.00 and gave the company an "outperform" rating in a report on Thursday. Stifel Nicolaus increased their target price on Stantec from C$143.00 to C$156.00 and gave the company a "buy" rating in a report on Thursday. Scotiabank increased their target price on Stantec from C$144.00 to C$146.00 and gave the company an "outperform" rating in a report on Thursday. TD Securities increased their target price on Stantec from C$145.00 to C$165.00 and gave the company a "buy" rating in a report on Thursday. Finally, ATB Capital increased their target price on Stantec from C$140.00 to C$145.00 and gave the company a "sector perform" rating in a report on Thursday. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$148.42.

Stantec Price Performance

Shares of STN traded up C$0.06 on Thursday, reaching C$139.82. The stock had a trading volume of 253,186 shares, compared to its average volume of 276,604. The firm has a 50-day moving average of C$123.95 and a 200 day moving average of C$118.30. The firm has a market capitalization of C$15.94 billion, a PE ratio of 46.66, a PEG ratio of 1.46 and a beta of 0.82. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. Stantec has a twelve month low of C$103.48 and a twelve month high of C$143.95.

Insider Transactions at Stantec

In other news, Director Clayton Bock bought 1,250 shares of Stantec stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average price of C$139.51 per share, for a total transaction of C$174,392.88. Insiders own 0.27% of the company's stock.

About Stantec

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.