Stantec Inc. (TSE:STN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$166.50.

Several analysts recently weighed in on STN shares. Royal Bank Of Canada increased their price target on Stantec from C$153.00 to C$168.00 in a report on Monday, November 17th. Stifel Nicolaus boosted their price objective on shares of Stantec from C$169.00 to C$173.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Scotiabank increased their target price on shares of Stantec from C$161.00 to C$162.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Desjardins raised their target price on shares of Stantec from C$160.00 to C$173.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, TD Securities upped their price target on shares of Stantec from C$176.00 to C$183.00 and gave the company a “buy” rating in a report on Monday, October 27th.

Stantec Price Performance

TSE:STN opened at C$123.31 on Friday. The firm has a market capitalization of C$14.07 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 1.46 and a beta of 0.79. Stantec has a 1 year low of C$108.09 and a 1 year high of C$160.05. The business has a 50 day simple moving average of C$132.57 and a 200-day simple moving average of C$142.72. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46.

Insider Activity

In other Stantec news, Director Gordon Allan Johnston bought 4,000 shares of the business’s stock in a transaction dated Wednesday, December 24th. The shares were purchased at an average price of C$131.52 per share, with a total value of C$526,080.00. Following the completion of the purchase, the director owned 53,793 shares in the company, valued at C$7,074,855.36. This represents a 8.03% increase in their position. 0.27% of the stock is owned by company insiders.

About Stantec

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.