Stantec (TSE:STN) PT Raised to C$36.00

Stantec (TSE:STN) (NYSE:STN) had its price target upped by investment analysts at Royal Bank of Canada from C$34.00 to C$36.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 1.04% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Desjardins raised their price objective on shares of Stantec from C$38.00 to C$41.00 in a research report on Friday, November 8th. Raymond James reiterated an “outperform” rating and issued a C$37.50 target price on shares of Stantec in a research note on Friday, November 8th. CIBC raised shares of Stantec from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$35.00 to C$40.00 in a research report on Friday, November 8th. Canaccord Genuity increased their price target on shares of Stantec from C$31.00 to C$33.00 in a research note on Friday, November 8th. Finally, TD Securities upgraded shares of Stantec from a “hold” rating to a “buy” rating and raised their price target for the company from C$33.00 to C$39.00 in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Stantec presently has an average rating of “Buy” and an average price target of C$38.85.

Shares of Stantec stock opened at C$35.63 on Wednesday. The firm has a market cap of $3.90 billion and a price-to-earnings ratio of 28.32. The stock has a 50-day simple moving average of C$32.05 and a 200-day simple moving average of C$30.87. Stantec has a 52-week low of C$26.67 and a 52-week high of C$35.75. The company has a debt-to-equity ratio of 88.83, a current ratio of 1.77 and a quick ratio of 1.72.

About Stantec

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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Analyst Recommendations for Stantec (TSE:STN)

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