Stantec Inc. (STN) Receives Average Rating of “Buy” from Analysts

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been assigned a consensus rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$39.50.

A number of research firms have recently weighed in on STN. Canaccord Genuity raised their target price on Stantec from C$34.00 to C$36.00 in a report on Tuesday, October 31st. Scotiabank reiterated an “outperform” rating and set a C$40.00 price target on shares of Stantec in a report on Friday, November 10th. Raymond James Financial lifted their price target on Stantec from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Desjardins lifted their price target on Stantec from C$39.00 to C$43.00 in a report on Monday, November 13th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a C$40.00 price target on shares of Stantec in a report on Monday, October 23rd.

Stantec (TSE STN) opened at C$35.12 on Wednesday. Stantec has a fifty-two week low of C$30.24 and a fifty-two week high of C$37.13. The firm has a market capitalization of $4,000.00, a P/E ratio of 34.77 and a beta of 1.20.

In related news, Director Carl Frank Clayton sold 10,000 shares of Stantec stock in a transaction on Thursday, December 14th. The stock was sold at an average price of C$35.10, for a total transaction of C$351,000.00.

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About Stantec

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.

Analyst Recommendations for Stantec (TSE:STN)

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