Scotiabank Raises Stantec (TSE:STN) Price Target to C$161.00

Key Points

• Scotiabank has raised its price target for Stantec (TSE:STN) from C$160.00 to C$161.00, indicating a potential upside of 4.49% from the company's previous close.
• Other analysts have also increased their price targets for Stantec, with average ratings of "Buy" and an average price target of C$157.25.
• Stantec's stock has demonstrated volatility, trading down C$0.85 on Friday, with a market cap of C$17.58 billion and a one-year price range of C$107.23 to C$159.99.

Stantec (TSE:STN - Get Free Report) NYSE: STN had its price target upped by Scotiabank from C$160.00 to C$161.00 in a research report issued on Friday,BayStreet.CA reports. Scotiabank's price target suggests a potential upside of 4.49% from the company's previous close.

Other equities analysts have also issued research reports about the company. Raymond James Financial lifted their price target on Stantec from C$155.00 to C$160.00 and gave the company an "outperform" rating in a report on Friday, August 15th. National Bankshares raised their price objective on shares of Stantec from C$162.00 to C$164.00 and gave the company an "outperform" rating in a research report on Friday, August 15th. Canaccord Genuity Group raised their price objective on shares of Stantec from C$150.00 to C$165.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Stifel Nicolaus increased their price target on shares of Stantec from C$160.00 to C$175.00 and gave the company a "buy" rating in a research note on Monday, October 6th. Finally, CIBC increased their price target on shares of Stantec from C$156.00 to C$168.00 in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$157.25.

Stantec Price Performance

TSE STN traded down C$0.85 during trading hours on Friday, reaching C$154.08. 287,606 shares of the company's stock were exchanged, compared to its average volume of 283,881. The stock has a market cap of C$17.58 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. Stantec has a one year low of C$107.23 and a one year high of C$159.99. The firm has a fifty day moving average of C$151.26 and a 200-day moving average of C$142.67. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29.

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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