Scotiabank Reiterates Sector Perform Rating for Stantec Inc. (STN)
Stantec Inc. (TSE:STN) (NYSE:STN)‘s stock had its “sector perform” rating reissued by investment analysts at Scotiabank in a report released on Monday. They currently have a C$37.00 price target on the stock. Scotiabank’s target price points to a potential upside of 4.05% from the company’s previous close.
Several other research analysts have also commented on the company. National Bank Financial raised Stantec from a “sector perform under weight” rating to an “outperform overweight” rating in a research report on Tuesday, August 16th. TD Securities boosted their price target on Stantec from C$35.00 to C$37.00 and gave the stock a “hold” rating in a research report on Friday, November 11th. DA Davidson boosted their price target on Stantec from C$32.00 to C$36.00 and gave the stock a “neutral” rating in a research report on Friday, November 11th. CIBC boosted their price target on Stantec from C$33.00 to C$36.00 in a research report on Friday, November 11th. Finally, Royal Bank Of Canada boosted their price target on Stantec from C$32.00 to C$36.00 and gave the stock a “sector perform” rating in a research report on Friday, November 11th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$34.68.
Stantec (TSE:STN) opened at 35.56 on Monday. The firm has a 50-day moving average price of $31.97 and a 200 day moving average price of $31.86. Stantec has a 12 month low of $27.99 and a 12 month high of $36.57. The stock has a market capitalization of $4.05 billion and a PE ratio of 29.03.
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s segment is Consulting Services. The Company’s services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.
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