Stantec (TSE:STN) Rating Increased to Buy at TD Securities
Stantec (TSE:STN) (NYSE:STN) was upgraded by stock analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued on Friday, BayStreet.CA reports. The brokerage presently has a C$39.00 price target on the stock, up from their previous price target of C$33.00. TD Securities’ price objective would indicate a potential upside of 13.17% from the stock’s previous close.
Several other brokerages have also issued reports on STN. Desjardins lifted their price target on shares of Stantec from C$38.00 to C$41.00 in a report on Friday. BMO Capital Markets lifted their target price on shares of Stantec from C$37.00 to C$39.00 in a research report on Friday. National Bank Financial cut their target price on shares of Stantec from C$31.00 to C$30.50 and set a “sector perform” rating on the stock in a research report on Friday, August 9th. CIBC upgraded shares of Stantec from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$35.00 to C$40.00 in a research report on Friday. Finally, AltaCorp Capital lifted their target price on shares of Stantec from C$41.00 to C$46.00 in a research report on Friday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$38.39.
Shares of Stantec stock opened at C$34.46 on Friday. The firm has a market capitalization of $3.18 billion and a PE ratio of 59.83. The company has a current ratio of 1.85, a quick ratio of 1.78 and a debt-to-equity ratio of 90.81. The firm’s 50 day moving average is C$28.87 and its 200 day moving average is C$30.56. Stantec has a 1 year low of C$26.67 and a 1 year high of C$35.39.
In related news, Director Jeffrey Philip Stone sold 1,360 shares of Stantec stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$28.38, for a total transaction of C$38,592.85. Following the sale, the director now directly owns 641 shares in the company, valued at approximately C$18,189.72.
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 three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.
See Also: Stock Split
Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.