Stantec Inc. (STN) Given New C$38.00 Price Target at TD Securities

Stantec Inc. (TSE:STN) (NYSE:STN) had its price objective raised by investment analysts at TD Securities from C$36.00 to C$38.00 in a research note issued to investors on Thursday. The firm presently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential upside of 12.39% from the stock’s previous close.

Several other equities analysts have also recently commented on STN. CIBC boosted their target price on shares of Stantec from C$36.00 to C$37.00 in a research report on Thursday. Desjardins upgraded shares of Stantec from a “hold” rating to a “buy” rating and set a C$39.00 target price for the company in a research report on Friday, May 12th. Raymond James Financial, Inc. dropped their target price on shares of Stantec from C$39.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, May 12th. Finally, Royal Bank Of Canada dropped their target price on shares of Stantec from C$36.00 to C$34.00 and set a “sector perform” rating for the company in a research report on Friday, May 12th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$36.13.

Shares of Stantec (TSE STN) opened at 33.81 on Thursday. The stock’s 50 day moving average is $32.27 and its 200 day moving average is $33.51. The firm has a market cap of $3.85 billion and a price-to-earnings ratio of 32.57. Stantec has a 12-month low of $28.74 and a 12-month high of $36.85.

TRADEMARK VIOLATION NOTICE: “Stantec Inc. (STN) Given New C$38.00 Price Target at TD Securities” was reported by Stock Observer and is the property of of Stock Observer. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.thestockobserver.com/2017/08/12/stantec-inc-stn-given-new-c38-00-price-target-at-td-securities.html.

In other Stantec news, Director Donald James Lowry purchased 1,500 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was purchased at an average cost of C$31.80 per share, for a total transaction of C$47,700.00. Also, Director Valentino Dimanno purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of C$31.55 per share, with a total value of C$78,875.00. Over the last 90 days, insiders acquired 4,393 shares of company stock valued at $139,371 and sold 16,916 shares valued at $533,825.

About Stantec

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

Analyst Recommendations for Stantec (TSE:STN)

Receive News & Ratings for Stantec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply