Stantec (TSE:STN) Given New C$150.00 Price Target at Royal Bank of Canada

Stantec (TSE:STN - Get Free Report) NYSE: STN had its price target boosted by stock analysts at Royal Bank of Canada from C$138.00 to C$150.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank of Canada's price target suggests a potential upside of 4.90% from the company's previous close.

A number of other equities analysts have also recently weighed in on STN. Raymond James raised Stantec from a "market perform" rating to an "outperform" rating and raised their price objective for the company from C$130.00 to C$140.00 in a report on Wednesday, February 26th. Scotiabank raised their price objective on Stantec from C$144.00 to C$146.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Canaccord Genuity Group raised their price objective on Stantec from C$138.00 to C$150.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Desjardins raised their price objective on Stantec from C$148.00 to C$153.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Stifel Nicolaus raised their price objective on Stantec from C$143.00 to C$156.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Stantec currently has an average rating of "Buy" and an average target price of C$148.42.

Stantec Price Performance

Shares of TSE STN traded up C$1.54 during trading hours on Thursday, reaching C$143.00. 82,114 shares of the stock traded hands, compared to its average volume of 273,079. The company has a market capitalization of C$16.30 billion, a P/E ratio of 47.72, a price-to-earnings-growth 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 52-week low of C$103.48 and a 52-week high of C$143.95. The company's 50-day simple moving average is C$124.38 and its two-hundred day simple moving average is C$118.49.

Insider Buying and Selling

In other Stantec news, Director Clayton Bock acquired 1,250 shares of the business's stock in a transaction dated 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. 0.27% of the stock is owned by corporate insiders.

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.