SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday, July 13th. The brokerage currently has a $28.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 12.90% from the company’s current price.

According to Zacks, “Stantec Inc. provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics. It also provides professional consulting services in environmental sciences, project management, and project economics for infrastructure and facilities projects. Its services include, or relate to, the development of conceptual plans, zoning approval of design infrastructure, transportation planning, traffic engineering, landscape architecture, urban planning, design construction review and surveying. It provides knowledge-based solutions for infrastructure and facilities projects through value-added professional services principally under fee-for-service agreements with clients. Stantec Inc. is headquartered in Edmonton, Canada. “

A number of other analysts have also issued reports on the stock. BidaskClub upgraded shares of SPDR MSCI Europe Energy UCITS ETF from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Desjardins upgraded shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “buy” rating in a research note on Friday, May 12th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $32.33.

Shares of SPDR MSCI Europe Energy UCITS ETF (NYSE STN) opened at 24.80 on Thursday. The stock has a market cap of $2.83 billion, a PE ratio of 83.50 and a beta of 1.62. The stock’s 50 day moving average is $25.07 and its 200 day moving average is $25.33. SPDR MSCI Europe Energy UCITS ETF has a 52-week low of $21.50 and a 52-week high of $28.05.

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A number of institutional investors have recently made changes to their positions in STN. FMR LLC increased its position in shares of SPDR MSCI Europe Energy UCITS ETF by 44.2% in the first quarter. FMR LLC now owns 6,965,250 shares of the business services provider’s stock worth $180,751,000 after buying an additional 2,136,100 shares during the period. Vanguard Group Inc. increased its position in shares of SPDR MSCI Europe Energy UCITS ETF by 5.8% in the first quarter. Vanguard Group Inc. now owns 2,039,743 shares of the business services provider’s stock worth $52,830,000 after buying an additional 111,310 shares during the period. Grandeur Peak Global Advisors LLC increased its position in shares of SPDR MSCI Europe Energy UCITS ETF by 3.9% in the first quarter. Grandeur Peak Global Advisors LLC now owns 1,510,635 shares of the business services provider’s stock worth $39,147,000 after buying an additional 57,400 shares during the period. Van Berkom & Associates Inc. increased its position in shares of SPDR MSCI Europe Energy UCITS ETF by 1.0% in the first quarter. Van Berkom & Associates Inc. now owns 1,291,416 shares of the business services provider’s stock worth $33,454,000 after buying an additional 13,350 shares during the period. Finally, Norges Bank acquired a new position in shares of SPDR MSCI Europe Energy UCITS ETF during the fourth quarter worth about $24,742,000. 57.33% of the stock is owned by hedge funds and other institutional investors.

About SPDR MSCI Europe Energy UCITS ETF

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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