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.
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.
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.
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