Stantec (TSE:STN) Price Target Increased to C$41.00 by Analysts at Laurentian

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Stantec (TSE:STN) (NYSE:STN) had its price objective hoisted by equities researchers at Laurentian from C$37.00 to C$41.00 in a report issued on Wednesday, BayStreet.CA reports. Laurentian’s target price points to a potential upside of 15.75% from the company’s previous close.

A number of other equities analysts have also weighed in on STN. TD Securities raised Stantec from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$33.00 to C$39.00 in a research report on Friday, November 8th. Desjardins raised their price target on shares of Stantec from C$38.00 to C$41.00 in a report on Friday, November 8th. CIBC upgraded shares of Stantec from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$35.00 to C$40.00 in a research note on Friday, November 8th. Royal Bank of Canada boosted their price objective on shares of Stantec from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, BMO Capital Markets boosted their target price on shares of Stantec from C$37.00 to C$39.00 in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$38.85.

Shares of Stantec stock traded up C$0.34 during trading on Wednesday, hitting C$35.42. 138,327 shares of the company’s stock traded hands, compared to its average volume of 214,168. The company has a debt-to-equity ratio of 88.83, a current ratio of 1.77 and a quick ratio of 1.72. Stantec has a 1 year low of C$26.67 and a 1 year high of C$35.75. The stock has a market capitalization of $3.90 billion and a P/E ratio of 28.16. The business has a 50-day simple moving average of C$31.77 and a 200-day simple moving average of C$30.85.

Stantec Company Profile

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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Analyst Recommendations for Stantec (TSE:STN)

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