Raymond James Financial Issues Positive Forecast for Stantec (TSE:STN) Stock Price

Key Points

• Raymond James Financial has raised Stantec's target stock price from C$155.00 to C$160.00, indicating a potential upside of 9.23% based on the company's previous close.
• Other analysts have also increased their price targets, with the consensus target now set at C$155.50 and an average rating of "Buy."
• Stantec's stock has experienced a 52-week range from C$103.48 to C$155.02, with current trading at C$146.48.

Stantec (TSE:STN - Get Free Report) NYSE: STN had its target price increased by research analysts at Raymond James Financial from C$155.00 to C$160.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Raymond James Financial's price target indicates a potential upside of 9.23% from the company's previous close.

Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus increased their target price on shares of Stantec from C$156.00 to C$165.00 in a research note on Wednesday, July 16th. Royal Bank Of Canada increased their target price on shares of Stantec from C$138.00 to C$150.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. National Bankshares increased their target price on shares of Stantec from C$144.00 to C$147.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group increased their target price on shares of Stantec from C$150.00 to C$165.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Scotiabank increased their target price on shares of Stantec from C$144.00 to C$146.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$155.50.

Stantec Stock Performance

STN stock traded down C$0.33 during mid-day trading on Friday, reaching C$146.48. 196,519 shares of the stock traded hands, compared to its average volume of 273,693. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The business has a 50-day moving average of C$149.14 and a two-hundred day moving average of C$131.52. Stantec has a 52 week low of C$103.48 and a 52 week high of C$155.02. The firm has a market capitalization of C$16.70 billion, a PE ratio of 48.88, a P/E/G ratio of 1.46 and a beta of 0.82.

Insider Activity at Stantec

In other news, Director Susan Reisbord acquired 2,785 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was bought at an average price of C$147.74 per share, with a total value of C$411,458.13. Also, Director Clayton Bock acquired 1,250 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average cost of C$139.51 per share, with a total value of C$174,392.88. Company insiders own 0.27% of the company's stock.

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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