Stantec (TSE:STN – Get Free Report) (NYSE:STN) had its price objective lowered by research analysts at Scotiabank from C$138.00 to C$133.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 35.41% from the stock’s previous close.
A number of other research firms also recently weighed in on STN. Stifel Nicolaus lowered their target price on Stantec from C$160.00 to C$140.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Raymond James Financial reduced their price target on shares of Stantec from C$180.00 to C$165.00 in a research report on Wednesday, April 29th. National Bank Financial dropped their price objective on shares of Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Canadian Imperial Bank of Commerce cut their target price on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating for the company in a research report on Wednesday. Finally, Desjardins reduced their target price on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating for the company in a report on Friday, May 15th. Thirteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Stantec presently has an average rating of “Buy” and an average price target of C$147.77.
View Our Latest Research Report on Stantec
Stantec Stock Performance
Stantec (TSE:STN – Get Free Report) (NYSE:STN) last announced its earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share for the quarter. The business had revenue of C$2.07 billion during the quarter. Stantec had a net margin of 6.19% and a return on equity of 15.21%.
Insider Activity at Stantec
In other news, Director Clayton Bock acquired 1,485 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were purchased at an average cost of C$94.85 per share, for a total transaction of C$140,852.25. Following the transaction, the director directly owned 4,895 shares of the company’s stock, valued at approximately C$464,290.75. This trade represents a 43.55% increase in their ownership of the stock. Also, Director Douglas Keith Ammerman bought 681 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were purchased at an average price of C$97.84 per share, for a total transaction of C$66,629.04. Following the purchase, the director owned 42,512 shares in the company, valued at C$4,159,374.08. This represents a 1.63% increase in their position. 0.27% of the stock is owned by insiders.
Stantec Company Profile
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.
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