Stantec (TSE:STN) Price Target Raised to C$165.00

Stantec (TSE:STN - Get Free Report) NYSE: STN had its price objective lifted by analysts at Stifel Nicolaus from C$156.00 to C$165.00 in a research note issued on Wednesday,BayStreet.CA reports. Stifel Nicolaus' price objective would suggest a potential upside of 7.32% from the stock's current price.

Several other equities research analysts have also recently weighed in on STN. National Bankshares increased their target price on Stantec from C$144.00 to C$147.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. CIBC increased their price objective on Stantec from C$141.00 to C$156.00 in a report on Thursday, May 22nd. ATB Capital increased their price objective on Stantec from C$140.00 to C$145.00 and gave the stock a "sector perform" rating in a report on Thursday, May 22nd. Scotiabank increased their price objective on Stantec from C$144.00 to C$146.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group increased their price objective on Stantec from C$138.00 to C$150.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$150.17.

Stantec Price Performance

Shares of Stantec stock traded up C$1.05 during trading on Wednesday, hitting C$153.74. 176,357 shares of the stock traded hands, compared to its average volume of 269,250. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The stock has a market cap of C$17.53 billion, a price-to-earnings ratio of 51.30, a PEG ratio of 1.46 and a beta of 0.82. The firm's fifty day moving average is C$144.78 and its 200-day moving average is C$126.21. Stantec has a 52 week low of C$103.48 and a 52 week high of C$153.78.

Insider Buying and Selling at Stantec

In other Stantec news, Director Clayton Bock acquired 1,250 shares of the stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of C$139.51 per share, for a total transaction of C$174,392.88. Also, Director Susan Reisbord acquired 2,785 shares of the stock in a transaction dated Thursday, June 26th. The stock was acquired at an average price of C$147.74 per share, for a total transaction of C$411,458.13. 0.27% of the stock is currently owned by 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.