Stantec (STN) Received its Third Buy in a Row


Analysts seem to be optimistic about Stantec (TSX: STN) lately, with several positive ratings in a row that it received in the past month alone. Today, analyst Yuri Lynk gave a Buy rating to STN and set a C$40 price target.

According to TipRanks.com, Lynk is a 5-star analyst with an average return of 8.5% and a 53.2% success rate. Lynk covers the Basic Materials sector, focusing on stocks such as Badger Daylighting Ltd, SNC-Lavalin Group Inc, and Stantec Inc.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Stantec with a C$40.67 average price target, representing a 17.0% upside. In a report issued on October 19, Scotiabank also upgraded the stock to Buy with a C$41 price target.

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The company has a one-year high of C$37.13 and a one-year low of C$30.97. Currently, Stantec has an average volume of 186.3K.

Stantec, Inc. engages in general design and architectural solutions. It specializes in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, construction services, project management, and project economics, from initial project concept and planning through to design, construction, commissioning, maintenance, decommissioning, and remediation. It operates through the following segments: Buildings; Energy and Resources; Environment Services; Infrastructure; and Water. The Buildings segment offers e-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, project management, and construction management services primarily for private sector 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 design and engineering and construction management services in water projects. The company was founded in 1954 and is headquartered in Edmonton, Canada.

The company’s shares closed on Monday at C$34.75.

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