National Bank Financial Issues Positive Forecast for Stantec (TSE:STN) Stock Price

Stantec (TSE:STN) (NYSE:STN) had its price target lifted by equities research analysts at National Bank Financial from C$161.00 to C$163.00 in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 29.91% from the company’s current price.

STN has been the topic of several other reports. Desjardins boosted their target price on Stantec from C$160.00 to C$173.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Scotiabank cut their target price on shares of Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a research note on Friday. TD Securities decreased their price target on shares of Stantec from C$183.00 to C$158.00 in a research note on Tuesday. Stifel Nicolaus reduced their target price on Stantec from C$172.00 to C$154.00 and set a “buy” rating on the stock in a report on Friday. Finally, Royal Bank Of Canada raised their target price on Stantec from C$168.00 to C$175.00 in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$161.90.

Stantec Trading Down 3.7%

STN stock traded down C$4.86 during trading on Friday, hitting C$125.47. 257,938 shares of the company traded hands, compared to its average volume of 415,510. The firm has a market capitalization of C$14.31 billion, a PE ratio of 29.59, a P/E/G ratio of 1.46 and a beta of 0.79. Stantec has a 1 year low of C$109.74 and a 1 year high of C$160.05. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The company has a 50-day moving average of C$132.18 and a 200-day 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 purchased at an average cost of C$131.52 per share, for a total transaction of C$526,080.00. Following the completion of the acquisition, the director directly owned 53,793 shares of the company’s stock, valued at C$7,074,855.36. The trade was a 8.03% increase in their ownership of the stock. Corporate insiders own 0.27% of the company’s stock.

Stantec Company Profile

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.