Stantec (STN) Price Target Cut to C$39.00
Stantec (TSE:STN) (NYSE:STN) had its target price reduced by equities research analysts at National Bank Financial from C$42.00 to C$39.00 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 11.43% from the company’s previous close.
Several other research analysts also recently commented on STN. 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. Scotiabank set a C$40.00 price objective on Stantec and gave the company an “outperform” rating in a report on Thursday, August 10th. Raymond James Financial upped their price target on shares of Stantec from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Desjardins increased their price objective on shares of Stantec from C$39.00 to C$43.00 in a research report on Monday, November 13th. Finally, TD Securities increased their price objective on shares of Stantec from C$36.00 to C$38.00 and gave the stock a “hold” rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$39.38.
Stantec (STN) traded up C$0.41 on Friday, hitting C$35.00. The company’s stock had a trading volume of 323,622 shares, compared to its average volume of 203,981. Stantec has a 1 year low of C$30.24 and a 1 year high of C$37.13.
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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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