Canaccord Genuity Upgrades Stantec (STN) to Buy
Stantec (TSE:STN) (NYSE:STN) was upgraded by research analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a C$37.00 price target on the stock, up from their previous price target of C$34.00. Canaccord Genuity’s target price points to a potential upside of 10.02% from the company’s previous close.
STN has been the subject of several other reports. BMO Capital Markets lifted their price objective on shares of Stantec from C$38.00 to C$40.00 in a research note on Thursday. TD Securities lifted 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 note on Friday, May 11th. CIBC lowered shares of Stantec from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 5th. Finally, National Bank Financial dropped their price objective on shares of Stantec from C$37.00 to C$35.00 in a research note on Friday, May 11th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$37.45.
Stantec opened at C$33.63 on Thursday, Marketbeat reports. Stantec has a 1 year low of C$30.97 and a 1 year high of C$37.13.
In other Stantec news, Director Steve Marvin Fleck bought 2,400 shares of the firm’s stock in a transaction dated Friday, May 18th. The stock was acquired at an average cost of C$32.92 per share, for a total transaction of C$79,008.00. Also, Director Paul Jeremy David Alpern sold 10,000 shares of Stantec stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of C$34.05, for a total value of C$340,500.00.
Stantec Company Profile
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 four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.
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