Stantec Inc. (STN) Price Target Raised to C$43.00
Stantec Inc. (TSE:STN) (NYSE:STN) had its target price lifted by analysts at Desjardins from C$39.00 to C$43.00 in a research report issued on Monday. Desjardins’ price target points to a potential upside of 18.75% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. Canaccord Genuity boosted their price objective on shares of Stantec from C$34.00 to C$36.00 in a research report on Tuesday, October 31st. CIBC boosted their price objective on shares of Stantec from C$36.00 to C$37.00 in a research report on Thursday, August 10th. TD Securities boosted their price objective on shares of Stantec from C$36.00 to C$38.00 and gave the company a “hold” rating in a research report on Thursday, August 10th. Scotiabank set a C$40.00 price objective on shares of Stantec and gave the company an “outperform” rating in a research report on Thursday, August 10th. Finally, Raymond James Financial, Inc. upped their price target on shares of Stantec from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a report on Friday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$39.43.
Stantec (TSE:STN) traded up C$0.71 during mid-day trading on Monday, reaching C$36.21. 244,067 shares of the company’s stock were exchanged, compared to its average volume of 204,887. Stantec has a fifty-two week low of C$30.24 and a fifty-two week high of C$37.13.
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In other Stantec news, Director Donald James Lowry bought 3,000 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were bought 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 transaction 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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