Stantec (TSE:STN) Stock Price Expected to Rise, CIBC Analyst Says

Key Points

• CIBC analysts have raised Stantec's price target from C$168.00 to C$175.00, indicating an expected potential upside of 11.99% for the stock.
• Multiple analysts, including Desjardins and Stifel Nicolaus, have recently issued positive ratings and increased price targets for Stantec, suggesting a consensus rating of "Buy" across the board.
• Stantec's stock has shown recent trading activity, reaching C$156.26, with a market capitalization of C$17.82 billion and a PE ratio of 40.91.

Stantec (TSE:STN - Get Free Report) NYSE: STN had its price objective increased by analysts at CIBC from C$168.00 to C$175.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. CIBC's price target would suggest a potential upside of 11.99% from the company's current price.

Other equities analysts have also issued research reports about the company. Desjardins lifted their price target on Stantec from C$153.00 to C$158.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Stifel Nicolaus upped their price objective on Stantec from C$160.00 to C$175.00 and gave the stock a "buy" rating in a report on Monday, October 6th. Scotiabank increased their target price on Stantec from C$160.00 to C$161.00 in a research note on Friday. National Bankshares raised their price objective on Stantec from C$162.00 to C$164.00 and gave the company an "outperform" rating in a research report on Friday, August 15th. Finally, Raymond James Financial raised their price objective on Stantec from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$157.83.

Stantec Trading Up 1.4%

STN stock traded up C$2.18 on Monday, reaching C$156.26. The company's stock had a trading volume of 123,353 shares, compared to its average volume of 283,032. The business has a fifty day simple moving average of C$151.33 and a two-hundred day simple moving average of C$143.21. Stantec has a 12-month low of C$107.23 and a 12-month high of C$159.99. The firm has a market cap of C$17.82 billion, a PE ratio of 40.91, a PEG ratio of 1.46 and a beta of 0.87. 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 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.

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