Stantec’s (STN) “Sector Perform” Rating Reiterated at Royal Bank Of Canada
Stantec Inc. (TSE:STN) (NYSE:STN)‘s stock had its “sector perform” rating reaffirmed by research analysts at Royal Bank Of Canada in a research note issued to investors on Monday. They presently have a C$40.00 target price on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 12.08% from the stock’s current price.
Several other brokerages also recently issued reports on STN. Scotiabank set a C$40.00 price target on Stantec and gave the stock an “outperform” rating in a report on Thursday, August 10th. CIBC increased their price target on Stantec from C$36.00 to C$37.00 in a report on Thursday, August 10th. Finally, TD Securities increased their price target on Stantec from C$36.00 to C$38.00 and gave the stock a “hold” rating in a report on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$37.86.
Shares of Stantec (TSE STN) traded down 1.05% during midday trading on Monday, reaching $35.69. The company’s stock had a trading volume of 128,613 shares. The company has a market cap of $4.06 billion and a price-to-earnings ratio of 34.38. The stock has a 50-day moving average of $34.90 and a 200 day moving average of $33.38. Stantec has a 12 month low of $28.74 and a 12 month high of $36.85.
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In other news, Director Donald James Lowry acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average cost of C$33.50 per share, for a total transaction of C$100,500.00. Also, Director Paul Jeremy David Alpern sold 1,498 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of C$33.99, for a total value of C$50,917.02.
Stantec Company Profile
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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