Stantec (TSE:STN) Price Target Raised to C$175.00

Key Points

• Stantec's price target was raised by Stifel Nicolaus from C$160.00 to C$175.00, indicating a potential upside of 12.32% based on the current stock price.
• Several analysts, including Desjardins and Canaccord Genuity, have recently increased their price targets for Stantec, reflecting a strong consensus with most ratings at "buy".
• Stantec's stock traded up by 1.0% to C$155.80, with a market capitalization of C$17.77 billion and a 12-month high of C$156.34.

Stantec (TSE:STN - Get Free Report) NYSE: STN had its price objective increased by equities researchers at Stifel Nicolaus from C$160.00 to C$175.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 12.32% from the company's current price.

A number of other equities analysts also recently issued reports on STN. Desjardins increased their price target 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. Canaccord Genuity Group raised their price target on shares of Stantec from C$150.00 to C$165.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. CIBC raised their price target on shares of Stantec from C$156.00 to C$168.00 in a report on Friday, July 18th. National Bankshares increased their price target on Stantec from C$162.00 to C$164.00 and gave the company an "outperform" rating in a report on Friday, August 15th. Finally, Raymond James Financial upped their price objective on Stantec from C$155.00 to C$160.00 and gave the company an "outperform" rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$156.00.

Stantec Trading Up 1.0%

STN traded up C$1.60 on Monday, hitting C$155.80. 107,429 shares of the company were exchanged, compared to its average volume of 282,395. The stock has a market capitalization of C$17.77 billion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. The firm has a fifty day simple moving average of C$150.38 and a two-hundred day simple moving average of C$140.69. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. Stantec has a 12 month low of C$107.23 and a 12 month high of C$156.34.

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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