Stantec Inc. (STN) Receives Consensus Rating of “Hold” from Analysts

Stantec Inc. (TSE:STN) (NYSE:STN) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$35.75.

A number of equities analysts recently issued reports on STN shares. Scotiabank raised Stantec from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$37.00 to C$40.00 in a report on Friday, February 24th. Raymond James Financial, Inc. upped their price target on Stantec from C$38.00 to C$39.00 and gave the company an “outperform” rating in a report on Friday, February 24th. Royal Bank Of Canada lowered their price target on Stantec from C$37.00 to C$36.00 and set a “sector perform” rating for the company in a report on Friday, February 24th. TD Securities lowered their price target on Stantec from C$38.00 to C$36.00 and set a “hold” rating for the company in a report on Friday, May 12th. Finally, Desjardins raised Stantec from a “hold” rating to a “buy” rating and set a C$39.00 price target for the company in a report on Friday, May 12th.

In other Stantec news, Director Jeffrey Philip Stone sold 916 shares of the business’s stock in a transaction that occurred 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 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 6th. The shares were sold at an average price of C$35.28, for a total value of C$352,800.00. Over the last ninety days, insiders purchased 4,381 shares of company stock valued at $139,769 and sold 20,916 shares valued at $694,865.

Shares of Stantec (TSE:STN) traded up 0.21% during trading on Friday, hitting $32.81. 20,954 shares of the company traded hands. Stantec has a 52-week low of $28.74 and a 52-week high of $36.85. The company has a 50-day moving average of $32.02 and a 200-day moving average of $34.09. The stock has a market capitalization of $3.75 billion and a PE ratio of 87.73.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:STN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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