Scotiabank Boosts Stantec (TSE:STN) Price Target to C$162.00

Stantec (TSE:STN) (NYSE:STN) had its price objective increased by equities research analysts at Scotiabank from C$161.00 to C$162.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 17.77% from the stock’s current price.

Several other equities analysts have also issued reports on STN. Stifel Nicolaus boosted their price target on Stantec from C$160.00 to C$175.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Desjardins increased their target price on shares of Stantec from C$160.00 to C$173.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. TD Securities raised their price target on shares of Stantec from C$176.00 to C$183.00 and gave the stock a “buy” rating in a report on Monday, October 27th. CIBC upped their price objective on shares of Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Finally, National Bankshares cut their price objective on shares of Stantec from C$167.00 to C$161.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Stantec currently has an average rating of “Moderate Buy” and a consensus price target of C$166.70.

Stantec Stock Performance

Shares of STN opened at C$137.56 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The firm’s fifty day simple moving average is C$133.50 and its two-hundred day simple moving average is C$145.53. Stantec has a 12 month low of C$107.23 and a 12 month high of C$160.05. The stock has a market capitalization of C$15.69 billion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 1.46 and a beta of 0.78.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$1.53 earnings per share (EPS) for the quarter. Stantec had a return on equity of 12.08% and a net margin of 4.78%.The company had revenue of C$2.14 billion for the quarter.

Stantec Company Profile

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.