Stantec (TSE:STN) Given New C$138.00 Price Target at Royal Bank of Canada

Stantec (TSE:STN) (NYSE:STN) had its price objective raised by investment analysts at Royal Bank of Canada from C$128.00 to C$138.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 9.00% from the stock’s previous close.

A number of other equities research analysts also recently commented on STN. BMO Capital Markets boosted their target price on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Raymond James upped their price target on Stantec from C$120.00 to C$130.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. TD Securities upped their price objective on shares of Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a report on Wednesday. CIBC raised their target price on shares of Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Finally, Canaccord Genuity Group raised their price objective on shares of Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$140.33.

Stantec Price Performance

STN traded up C$6.67 during midday trading on Wednesday, hitting C$126.60. The stock had a trading volume of 504,362 shares, compared to its average volume of 230,142. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The business has a fifty day moving average of C$112.05 and a 200 day moving average of C$113.28. The company has a market cap of C$14.43 billion, a P/E ratio of 42.25, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec has a 1 year low of C$103.48 and a 1 year high of C$126.60.

Insider Transactions at Stantec

In related news, Director Vito Culmone purchased 3,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were acquired at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. Corporate insiders own 0.27% of the company’s stock.

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.