Stifel Nicolaus Lowers Stantec (TSE:STN) Price Target to C$154.00

Stantec (TSE:STN) (NYSE:STN) had its price objective cut by analysts at Stifel Nicolaus from C$172.00 to C$154.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 22.74% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on STN. TD Securities dropped their price objective on Stantec from C$183.00 to C$158.00 in a research note on Tuesday. Desjardins lifted their target price on Stantec from C$160.00 to C$173.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Scotiabank reduced their price target on shares of Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a research report on Friday. Royal Bank Of Canada raised their price objective on shares of Stantec from C$168.00 to C$175.00 in a research note on Friday. Finally, National Bank Financial cut their target price on shares of Stantec from C$167.00 to C$161.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$161.90.

Stantec Trading Down 3.7%

Shares of TSE:STN traded down C$4.86 during mid-day trading on Friday, reaching C$125.47. 257,938 shares of the company were exchanged, compared to its average volume of 415,510. Stantec has a 1 year low of C$109.74 and a 1 year high of C$160.05. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The firm’s 50-day simple moving average is C$132.18 and its 200 day simple moving average is C$141.96. The firm has a market cap of C$14.31 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 1.46 and a beta of 0.79.

Insider Buying and Selling at Stantec

In other Stantec news, Director Gordon Allan Johnston bought 4,000 shares of the business’s stock in a transaction dated Wednesday, December 24th. The shares were acquired at an average price of C$131.52 per share, with a total value of C$526,080.00. Following the transaction, the director owned 53,793 shares of the company’s stock, valued at approximately C$7,074,855.36. The trade was a 8.03% increase in their ownership of the stock. Company insiders own 0.27% of the company’s stock.

About Stantec

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.