Stantec Inc. (STN) Given Average Rating of “Hold” by Brokerages
Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been assigned a consensus rating of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$35.75.
STN has been the subject of a number of analyst reports. Desjardins raised Stantec from a “hold” rating to a “buy” rating and set a C$39.00 price objective for the company in a research report on Friday, May 12th. TD Securities reduced their price objective on Stantec from C$38.00 to C$36.00 and set a “hold” rating for the company in a research report on Friday, May 12th. Scotiabank reaffirmed an “outperform” rating and set a C$40.00 price objective on shares of Stantec in a research report on Wednesday, March 22nd. Raymond James Financial, Inc. reduced their price objective on Stantec from C$39.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, May 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$34.00 price objective on shares of Stantec in a research report on Thursday, June 22nd.
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Stantec (STN) opened at 31.80 on Tuesday. The company’s 50 day moving average price is $31.73 and its 200 day moving average price is $33.97. Stantec has a 12 month low of $28.74 and a 12 month high of $36.85. The stock has a market cap of $3.63 billion and a PE ratio of 85.03.
In other news, Director Jeffrey Philip Stone sold 916 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of C$31.73, for a total value of C$29,064.68. Also, Director Carl Frank Clayton sold 2,500 shares of the firm’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of C$31.12, for a total value of C$77,800.00. Over the last 90 days, insiders bought 4,393 shares of company stock worth $139,371 and sold 16,916 shares worth $533,825.
Stantec Company Profile
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 operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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