In a report released on November 29, Sabahat Khan from RBC Capital maintained a Buy rating on Stantec (STN – Research Report), with a price target of C$106.00. The company’s shares closed yesterday at $75.50.
According to TipRanks, Khan is a 4-star analyst with an average return of 4.0% and a 49.84% success rate. Khan covers the Consumer Cyclical sector, focusing on stocks such as Gildan Activewear, BRP, and Polaris.
In addition to RBC Capital, Stantec also received a Buy from BMO Capital’s Devin Dodge in a report issued on November 30. However, on the same day, Scotiabank maintained a Hold rating on Stantec (NYSE: STN).
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STN market cap is currently $8.29B and has a P/E ratio of 33.57.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is neutral on the stock.
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Stantec (STN) Company Description:
Stantec, Inc. engages the provision of in general design and architectural solutions. It operates through the following segments: Buildings; Energy and Resources; Environment Services; Infrastructure; and Water. The Buildings segment offers pre-design, design, and construction administration services in planning, architecture, buildings engineering, and interior design services for vertical infrastructure. The Energy and Resources segment is involved in industrial engineering services for private sector energy, resource, and power clients. The Environment Services segment provides environmental services for private sector clients and remediation activities for private and public sector clients. The Infrastructure segment is responsible to design and engineering services; as well as project and construction management services. The Water segment is responsible for traditional planning, engineering, design, and construction management services. The company was founded by Don Stanely in 1954 and is headquartered in Edmonton, Canada.
Read More on STN:
- Stantec price target raised to C$110 from C$101 at CIBC
- Stantec price target raised to C$107 from C$104 at BMO Capital
- Stantec Closes $288 Million Bought Deal Offering of Common Shares
- Stantec to launch 2024 – 2026 Strategic Plan at Investor Day on December 5, 2023
- Stantec-designed billion-dollar lithium-ion battery cell manufacturing facility coming to British Columbia
