Desjardins Issues Positive Forecast for Stantec (TSE:STN) Stock Price

Stantec (TSE:STN) (NYSE:STN) had its price objective increased by research analysts at Desjardins from C$173.00 to C$178.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 41.87% from the stock’s current price.

Several other research firms have also commented on STN. Scotiabank reduced their price target on Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a research report on Friday. National Bank Financial upped their target price on Stantec from C$161.00 to C$163.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus decreased their price target on shares of Stantec from C$172.00 to C$154.00 and set a “buy” rating for the company in a research report on Friday. TD Securities reduced their target price on Stantec from C$183.00 to C$158.00 in a report on Tuesday. Finally, Royal Bank Of Canada increased their price objective on shares of Stantec from C$168.00 to C$175.00 in a research note on Friday. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$161.90.

Stantec Price Performance

Shares of STN traded down C$4.86 during trading hours on Friday, reaching C$125.47. 257,938 shares of the company traded hands, compared to its average volume of 415,510. The stock has a market capitalization of C$14.31 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 1.46 and a beta of 0.79. Stantec has a fifty-two week low of C$109.74 and a fifty-two week high of C$160.05. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The stock has a fifty day simple moving average of C$132.18 and a 200 day simple moving average of C$141.96.

Insider Activity at Stantec

In related news, Director Gordon Allan Johnston purchased 4,000 shares of Stantec stock in a transaction dated Wednesday, December 24th. The stock was bought at an average cost of C$131.52 per share, with a total value of C$526,080.00. Following the purchase, the director owned 53,793 shares in the company, valued at approximately C$7,074,855.36. The trade was a 8.03% increase in their position. Company insiders own 0.27% of the company’s stock.

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.