Stantec (TSE:STN) Price Target Cut to C$155.00 by Analysts at Royal Bank Of Canada

Stantec (TSE:STN) (NYSE:STN) had its price target decreased by equities researchers at Royal Bank Of Canada from C$175.00 to C$155.00 in a note issued to investors on Friday,BayStreet.CA reports. Royal Bank Of Canada’s price objective indicates a potential upside of 47.20% from the stock’s previous close.

A number of other analysts have also recently commented on the company. TD Securities cut their price objective on Stantec from C$183.00 to C$158.00 in a research report on Tuesday, February 24th. National Bank Financial cut their price objective on Stantec from C$163.00 to C$143.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Raymond James Financial lowered their price target on Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th. Stifel Nicolaus lowered their price target on Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Desjardins increased their price target on Stantec from C$173.00 to C$178.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Thirteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$151.69.

Stantec Stock Performance

Shares of Stantec stock traded up C$5.39 on Friday, reaching C$105.30. 362,013 shares of the stock were exchanged, compared to its average volume of 398,363. Stantec has a twelve month low of C$99.67 and a twelve month high of C$160.05. The firm has a market capitalization of C$12.01 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.46 and a beta of 0.76. The business has a 50 day moving average price of C$121.36 and a two-hundred day moving average price of C$130.56. The company has a quick ratio of 1.46, a current ratio of 1.23 and a debt-to-equity ratio of 96.66.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share (EPS) for the quarter. Stantec had a return on equity of 15.28% and a net margin of 6.47%.The company had revenue of C$2.07 billion during the quarter.

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.