Stantec (STN) PT Lowered to C$39.00

Stantec (TSE:STN) (NYSE:STN) had its price target decreased by research analysts at Desjardins from C$43.00 to C$39.00 in a research note issued on Friday. Desjardins’ price target indicates a potential upside of 21.50% from the stock’s current price.

STN has been the topic of several other reports. Canaccord Genuity raised their price objective on Stantec from C$34.00 to C$36.00 in a research note on Tuesday, October 31st. Laurentian reduced their price objective on Stantec from C$36.50 to C$34.50 in a research note on Friday. Scotiabank restated an “outperform” rating and set a C$40.00 price objective on shares of Stantec in a research note on Friday, November 10th. Raymond James Financial raised their price objective on Stantec from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, CIBC raised their price objective on Stantec from C$37.00 to C$38.00 in a research note on Monday, November 13th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Stantec has an average rating of “Hold” and a consensus target price of C$36.28.

Shares of Stantec (STN) traded down C$0.51 on Friday, reaching C$32.10. The company had a trading volume of 981,239 shares, compared to its average volume of 304,650. Stantec has a 52-week low of C$30.24 and a 52-week high of C$37.13. The company has a market capitalization of $3,720.00, a PE ratio of 31.78 and a beta of 1.20.

In other Stantec news, Director Russell Edward Wlad sold 10,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of C$35.57, for a total value of C$355,700.00.

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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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