Scotiabank Lowers Stantec (TSE:STN) Price Target to C$146.00

Stantec (TSE:STN) (NYSE:STN) had its target price dropped by equities research analysts at Scotiabank from C$162.00 to C$146.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 16.36% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on STN. Desjardins lifted their price target on shares of Stantec from C$160.00 to C$173.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Stifel Nicolaus upped their target price on Stantec from C$169.00 to C$173.00 and gave the company a “buy” rating in a report on Friday, February 6th. National Bank Financial reduced their target price on Stantec from C$167.00 to C$161.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Royal Bank Of Canada lifted their target price on shares of Stantec from C$168.00 to C$175.00 in a report on Friday. Finally, TD Securities reduced their price target on shares of Stantec from C$183.00 to C$158.00 in a research report on Tuesday. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy” and an average target price of C$161.90.

Stantec Stock Performance

Shares of TSE:STN traded down C$4.86 during trading on Friday, hitting C$125.47. 257,938 shares of the stock traded hands, compared to its average volume of 415,510. Stantec has a 52-week low of C$109.74 and a 52-week high of C$160.05. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The company has a fifty day moving average price of C$132.18 and a two-hundred day moving average price of C$141.96. The company has a market cap of C$14.31 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 1.46 and a beta of 0.79.

Insider Activity at Stantec

In other news, Director Gordon Allan Johnston purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, December 24th. The shares were bought at an average cost of C$131.52 per share, with a total value of C$526,080.00. Following the purchase, the director directly owned 53,793 shares of the company’s stock, valued at approximately C$7,074,855.36. This trade represents a 8.03% increase in their ownership of the stock. 0.27% of the stock is owned by corporate insiders.

About Stantec

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.