Royal Bank Of Canada Issues Positive Forecast for Stantec (TSE:STN) Stock Price

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 target raised by Royal Bank Of Canada from C$150.00 to C$153.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target indicates a potential upside of 4.45% from the company's current price.

STN has been the subject of a number of other reports. Desjardins raised their price objective on Stantec from C$153.00 to C$158.00 and gave the stock a "buy" rating in a research report on Friday. TD Securities lifted their price objective on Stantec from C$145.00 to C$165.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. CIBC lifted their price objective on Stantec from C$156.00 to C$168.00 in a research note on Friday, July 18th. National Bankshares lifted their price objective on Stantec from C$144.00 to C$147.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus lifted their price objective on Stantec from C$156.00 to C$165.00 in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$155.50.

Stantec Trading Down 0.2%

Shares of STN traded down C$0.33 during midday trading on Friday, reaching C$146.48. The company had a trading volume of 196,519 shares, compared to its average volume of 273,693. Stantec has a 1-year low of C$103.48 and a 1-year high of C$155.02. The stock has a market cap of C$16.70 billion, a PE ratio of 48.88, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The firm has a 50 day simple moving average of C$149.14 and a 200-day simple moving average of C$131.52. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29.

Insider Activity at Stantec

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