National Bankshares Forecasts Strong Price Appreciation for Stantec (TSE:STN) Stock

Stantec (TSE:STN) (NYSE:STN) had its price objective upped by analysts at National Bankshares from C$143.00 to C$144.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 20.50% from the stock’s previous close.

Several other brokerages have also recently issued reports on STN. ATB Capital raised their target price on Stantec from C$125.00 to C$135.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 26th. Scotiabank boosted their target price on shares of Stantec from C$129.00 to C$141.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Desjardins lifted their price target on shares of Stantec from C$138.00 to C$148.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Royal Bank of Canada upped their price objective on Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Finally, TD Securities boosted their price target on Stantec from C$139.00 to C$145.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$140.42.

Stantec Stock Performance

TSE:STN traded up C$7.07 during trading hours on Wednesday, reaching C$119.50. The company had a trading volume of 138,352 shares, compared to its average volume of 271,771. The firm’s 50 day moving average price is C$115.70 and its 200-day moving average price is C$114.80. The firm has a market cap of C$13.62 billion, a price-to-earnings ratio of 39.88, a PEG ratio of 1.46 and a beta of 0.82. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. Stantec has a 52 week low of C$103.48 and a 52 week high of C$129.39.

Stantec Company Profile

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.