Stantec (TSE:STN) Given New C$164.00 Price Target at National Bankshares

Key Points

• National Bankshares raised Stantec's price target from C$162.00 to C$164.00, indicating a potential upside of 11.96% from the stock's previous close.
• Several analysts have increased their price targets for Stantec, with Raymond James adjusting their target to C$160.00 and CIBC to C$168.00, while maintaining an "outperform" rating.
• Stantec's shares recently traded at C$146.48, with a market capitalization of C$16.70 billion and a P/E ratio of 48.88.

Stantec (TSE:STN - Get Free Report) NYSE: STN had its target price hoisted by stock analysts at National Bankshares from C$162.00 to C$164.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target points to a potential upside of 11.96% from the stock's previous close.

STN has been the topic of a number of other research reports. Raymond James Financial increased their price target on shares of Stantec from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a report on Friday. ATB Capital increased their target price on shares of 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 increased their target price on shares of Stantec from C$156.00 to C$168.00 in a report on Friday, July 18th. Royal Bank Of Canada increased their target price on shares of Stantec from C$150.00 to C$153.00 and gave the company an "outperform" rating in a report on Friday. Finally, Stifel Nicolaus increased their target price on shares of Stantec from C$156.00 to C$165.00 in a report on Wednesday, July 16th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$155.50.

Stantec Price Performance

Shares of TSE:STN traded down C$0.33 during 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. The company has a fifty day moving average of C$149.14 and a two-hundred day moving average of C$131.52. The stock has a market capitalization of C$16.70 billion, a P/E ratio of 48.88, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec has a 12 month low of C$103.48 and a 12 month high of C$155.02. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29.

Insider Activity

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

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.

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