Stantec (TSE:STN) (NYSE:STN) was downgraded by equities researchers at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report released on Friday. They presently have a C$37.00 target price on the stock, down from their previous target price of C$39.00. National Bank Financial’s price target suggests a potential upside of 15.59% from the company’s current price.
Several other analysts have also weighed in on STN. Royal Bank of Canada lowered their target price on shares of Stantec from C$40.00 to C$36.00 and set a “sector perform” rating for the company in a research note on Friday. Raymond James Financial lowered their target price on shares of Stantec from C$41.00 to C$37.00 and set an “outperform” rating for the company in a research note on Friday. Laurentian lowered their target price on shares of Stantec from C$36.50 to C$34.50 in a research note on Friday. Canaccord Genuity lowered their target price on shares of Stantec from C$36.00 to C$31.00 in a research note on Friday. Finally, CIBC lowered their target price on shares of Stantec from C$39.00 to C$36.00 in a research note on Friday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of C$36.28.
Shares of Stantec (STN) opened at C$32.01 on Friday. Stantec has a 12 month low of C$30.24 and a 12 month high of C$37.13. The stock has a market cap of $3,650.00, a price-to-earnings ratio of 37.66 and a beta of 1.20.
In other Stantec news, Director Russell Edward Wlad sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of C$35.57, for a total transaction of C$355,700.00.
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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