Stantec (STN) PT Raised to C$39.00 at CIBC
Stantec (TSE:STN) (NYSE:STN) had its target price boosted by stock analysts at CIBC from C$38.00 to C$39.00 in a research report issued on Tuesday. The firm presently has a “neutral” rating on the stock. CIBC’s price objective would indicate a potential upside of 9.46% from the stock’s previous close.
STN has been the topic of several other reports. Royal Bank of Canada reissued a “sector perform” rating and issued a C$40.00 target price on shares of Stantec in a research note on Monday, October 23rd. National Bank Financial cut their target price on Stantec from C$42.00 to C$39.00 and set an “outperform” rating on the stock in a research note on Friday, December 1st. Scotiabank reissued an “outperform” rating and issued a C$40.00 target price on shares of Stantec in a research note on Friday, November 10th. Raymond James Financial raised their target price on Stantec from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, Canaccord Genuity raised their target price on Stantec from C$34.00 to C$36.00 in a research note on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$39.50.
Stantec (TSE:STN) traded up C$0.35 during midday trading on Tuesday, hitting C$35.63. The company had a trading volume of 110,283 shares, compared to its average volume of 211,307. The company has a market capitalization of $4,060.00, a PE ratio of 35.28 and a beta of 1.22. Stantec has a 12 month low of C$30.24 and a 12 month high of C$37.13.
In other Stantec news, Director Carl Frank Clayton sold 10,000 shares of Stantec stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of C$35.10, for a total transaction of C$351,000.00.
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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