Stantec (TSE:STN) Price Target Raised to C$153.00 at Royal Bank Of Canada

Key Points

• The Royal Bank of Canada raised its price target for Stantec's stock from C$150.00 to C$153.00, indicating a potential upside of 4.45% from the current price.
• Desjardins and TD Securities also increased their price objectives for Stantec, with TD Securities setting a target as high as C$165.00, reflecting strong buy recommendations from multiple firms.
• Stantec shares recently traded at C$146.48, with a market cap of C$16.70 billion and a PE ratio of 48.88.

Stantec (TSE:STN - Get Free Report) NYSE: STN had its price objective hoisted by investment analysts at Royal Bank Of Canada from C$150.00 to C$153.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective indicates a potential upside of 3.97% from the company's previous close.

A number of other equities research analysts also recently commented on the company. Canaccord Genuity Group upped their price objective on Stantec from C$150.00 to C$165.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. ATB Capital upped their price objective on Stantec from C$140.00 to C$145.00 and gave the company a "sector perform" rating in a report on Thursday, May 22nd. CIBC boosted their target price on Stantec from C$156.00 to C$168.00 in a research note on Friday, July 18th. Stifel Nicolaus boosted their target price on Stantec from C$156.00 to C$165.00 in a research note on Wednesday, July 16th. Finally, Desjardins boosted their target price on Stantec from C$153.00 to C$158.00 and gave the company a "buy" rating in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$155.50.

Stantec Trading Down 1.2%

TSE STN traded down C$1.78 on Friday, reaching C$147.16. The company had a trading volume of 431,530 shares, compared to its average volume of 274,666. The stock's 50 day moving average is C$149.33 and its 200-day moving average is C$132.45. The stock has a market cap of C$16.78 billion, a price-to-earnings ratio of 49.11, 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 52 week low of C$103.48 and a 52 week high of C$155.02.

Insider Activity

In other news, Director Susan Reisbord acquired 2,785 shares of Stantec stock in a transaction dated Thursday, June 26th. The stock was bought at an average cost of C$147.74 per share, with a total value of C$411,458.13. Also, Director Clayton Bock acquired 1,250 shares of Stantec 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. 0.27% of the stock is owned by corporate 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.