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

Stantec (TSE:STN - Get Free Report) NYSE: STN had its target price lifted by equities researchers at Stifel Nicolaus from C$156.00 to C$165.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Stifel Nicolaus' price target would indicate a potential upside of 7.32% from the company's current price.

Several other research analysts have also commented on STN. Desjardins lifted their price target on Stantec from C$148.00 to C$153.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. TD Securities boosted their target price on Stantec from C$145.00 to C$165.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada boosted their target price on Stantec from C$138.00 to C$150.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Scotiabank boosted their target price on Stantec from C$144.00 to C$146.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, CIBC boosted their target price on Stantec from C$141.00 to C$156.00 in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Stantec has an average rating of "Buy" and an average price target of C$150.17.

Stantec Trading Up 0.7%

STN traded up C$1.05 on Wednesday, hitting C$153.74. The company had a trading volume of 176,357 shares, compared to its average volume of 269,250. The company has a market cap of C$17.53 billion, a PE ratio of 51.30, a PEG 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$153.78. 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 business's fifty day simple moving average is C$144.78 and its 200 day simple moving average is C$126.21.

Insider Activity at Stantec

In related news, Director Clayton Bock purchased 1,250 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price 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 firm's stock in a transaction dated Thursday, June 26th. The shares were bought at an average cost of C$147.74 per share, with a total value of C$411,458.13. 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.