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

Stantec (TSE:STN) (NYSE:STN) had its price objective upped by research analysts at CIBC from C$121.50 to C$134.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 13.95% from the company’s previous close.

STN has been the subject of several other research reports. Stifel Nicolaus boosted their price target on shares of Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. BMO Capital Markets upped their target price on shares of Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Canaccord Genuity Group raised their price target on shares of Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Finally, Scotiabank upgraded Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Stantec currently has a consensus rating of “Moderate Buy” and a consensus target price of C$129.50.

Stantec Trading Down 0.7 %

TSE:STN opened at C$117.60 on Friday. The firm has a market capitalization of C$13.41 billion, a P/E ratio of 38.68, a P/E/G ratio of 1.46 and a beta of 0.82. The business has a 50 day simple moving average of C$116.36 and a 200 day simple moving average of C$113.92. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46. Stantec has a 12-month low of C$99.81 and a 12-month high of C$123.92.

Insider Buying and Selling at Stantec

In other Stantec news, Director Vito Culmone bought 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of C$121.49 per share, for a total transaction of C$485,960.00. 0.27% of the stock is currently owned by corporate insiders.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.