Stifel Nicolaus Forecasts Strong Price Appreciation for Stantec (TSE:STN) Stock

Key Points

• Stantec's price target has been raised by Stifel Nicolaus from C$165.00 to C$169.00, indicating a potential upside of 15.24% from its current price.
• Several analysts have upgraded their ratings for Stantec, with nine analysts now recommending a buy, contributing to a consensus price target of C$155.50.
• Despite the positive outlook from analysts, Stantec's shares traded down 0.1% to C$146.65 during the most recent trading session.

Stantec (TSE:STN - Get Free Report) NYSE: STN had its price target raised by equities research analysts at Stifel Nicolaus from C$165.00 to C$169.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price objective points to a potential upside of 13.61% from the stock's current price.

Several other research analysts have also weighed in on the stock. Desjardins increased their target price on shares of Stantec from C$153.00 to C$158.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Raymond James Financial increased their target price on shares of Stantec from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Scotiabank raised their price objective on shares of Stantec from C$144.00 to C$146.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. 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 note on Friday, August 15th. Finally, TD Securities raised their price objective on shares of Stantec from C$145.00 to C$165.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$155.50.

Stantec Trading Down 0.1%

Shares of STN traded down C$0.19 during mid-day trading on Friday, reaching C$148.75. The stock had a trading volume of 6,217 shares, compared to its average volume of 272,002. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. Stantec has a 52-week low of C$103.48 and a 52-week high of C$155.02. The business's fifty day moving average is C$149.32 and its 200 day moving average is C$132.35. The firm has a market cap of C$16.96 billion, a price-to-earnings ratio of 49.64, a P/E/G ratio of 1.46 and a beta of 0.82.

Insider Buying and Selling

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