Stantec Stock Rating Upgraded by Canaccord Genuity (STN)
Stantec (NYSE:STN) was upgraded by equities researchers at Canaccord Genuity from a “hold” rating to a “buy” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
Shares of Stantec (NYSE:STN) traded up 0.52% during mid-day trading on Monday, hitting $52.11. 3,383 shares of the company’s stock traded hands. Stantec has a 1-year low of $34.13 and a 1-year high of $53.96. The stock has a 50-day moving average of $49.82 and a 200-day moving average of $45.05. The company has a market cap of $2.411 billion and a P/E ratio of 18.11.
A number of other firms have also recently commented on STN. Analysts at TD Securities upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 2nd. Analysts at BMO Capital Markets downgraded shares of Stantec from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, August 2nd. They now have a $54.00 price target on the stock, up previously from $48.00. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Stantec presently has an average rating of “Buy” and an average price target of $41.38.
Stantec Inc (NYSE:STN) provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors.
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