Stantec (TSE:STN – Get Free Report) (NYSE:STN) had its price target hoisted by stock analysts at Canaccord Genuity Group from C$125.00 to C$135.00 in a report released on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price target would suggest a potential upside of 17.74% from the stock’s previous close.
STN has been the subject of several other reports. Raymond James downgraded Stantec from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$125.00 to C$120.00 in a research note on Thursday, August 8th. BMO Capital Markets upped their price objective on Stantec from C$128.00 to C$131.00 in a research note on Wednesday, July 24th. Stifel Nicolaus upped their price objective on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. Finally, Scotiabank raised Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$124.33.
Stantec Stock Down 0.8 %
Insider Buying and Selling
In other news, Director Vito Culmone purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average price of C$112.97 per share, for a total transaction of C$225,940.00. Insiders have bought a total of 2,145 shares of company stock worth $241,711 in the last quarter. Company insiders own 0.27% of the company’s stock.
About Stantec
Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.
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