ATB Capital Forecasts Strong Price Appreciation for Stantec (TSE:STN) Stock

Stantec (TSE:STN) (NYSE:STN) had its price objective increased by analysts at ATB Capital from C$125.00 to C$135.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Capital’s price target suggests a potential upside of 6.64% from the company’s previous close.

Several other equities analysts have also commented on STN. BMO Capital Markets upped their price target on shares of Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. National Bankshares boosted their price objective on Stantec from C$140.00 to C$143.00 and gave the stock an “outperform” rating in a report on Wednesday. Raymond James increased their price target on Stantec from C$120.00 to C$130.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Canaccord Genuity Group raised their price objective on Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Canaccord Genuity Group increased their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy” and an average price target of C$140.33.

Stantec Stock Up 5.6 %

Shares of TSE:STN traded up C$6.67 during trading on Wednesday, reaching C$126.60. The stock had a trading volume of 504,362 shares, compared to its average volume of 230,142. Stantec has a one year low of C$103.48 and a one year high of C$126.60. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The firm’s 50-day simple moving average is C$112.05 and its 200 day simple moving average is C$113.28. The company has a market capitalization of C$14.43 billion, a P/E ratio of 42.25, a PEG ratio of 1.46 and a beta of 0.82.

Insider Buying and Selling

In other news, Director Vito Culmone purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is owned by company insiders.

About Stantec

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.