Stifel Nicolaus Issues Positive Forecast for Stantec (TSE:STN) Stock Price

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 lifted by research analysts at Stifel Nicolaus from C$165.00 to C$169.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 14.84% from the stock's current price.

Other equities analysts have also recently issued reports about the company. Scotiabank boosted their price target on Stantec from C$144.00 to C$146.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. TD Securities lifted their price objective on Stantec from C$145.00 to C$165.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Raymond James Financial boosted their target price on shares of Stantec from C$155.00 to C$160.00 and gave the company an "outperform" rating in a research note on Friday, August 15th. National Bankshares upped their target price on shares of Stantec from C$162.00 to C$164.00 and gave the company an "outperform" rating in a report on Friday, August 15th. Finally, Canaccord Genuity Group raised their price target on shares of Stantec from C$150.00 to C$165.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$155.50.

Stantec Price Performance

Shares of Stantec stock traded down C$1.78 during trading on Friday, hitting C$147.16. 431,530 shares of the company were exchanged, compared to its average volume of 274,666. Stantec has a fifty-two week low of C$103.48 and a fifty-two week high of C$155.02. 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 firm has a 50 day moving average price of C$149.33 and a 200 day moving average price of C$132.45. The stock has a market capitalization of C$16.78 billion, a price-to-earnings ratio of 49.11, a P/E/G ratio of 1.46 and a beta of 0.82.

Insider Transactions at Stantec

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

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.