Stantec (TSE:STN) Price Target Raised to C$141.00 at CIBC

Stantec (TSE:STN) (NYSE:STN) had its target price hoisted by research analysts at CIBC from C$139.00 to C$141.00 in a report released on Thursday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 16.39% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Stifel Nicolaus lifted their price target on Stantec from C$135.00 to C$144.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Canaccord Genuity Group upped their price target on Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. National Bankshares upped their price target on Stantec from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research report on Wednesday, April 9th. Royal Bank of Canada increased their price target on shares of 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, ATB Capital raised their price target on Stantec from C$125.00 to C$135.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$140.50.

Stantec Stock Up 0.6 %

STN traded up C$0.67 during trading hours on Thursday, reaching C$121.14. 50,840 shares of the stock traded hands, compared to its average volume of 270,197. The company has a market cap of C$13.81 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 1.46 and a beta of 0.82. Stantec has a fifty-two week low of C$103.48 and a fifty-two week high of C$129.39. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The firm’s fifty day simple moving average is C$116.99 and its two-hundred day simple moving average is C$115.26.

About Stantec

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.