Stantec (STN) Receives a Buy from Scotiabank

The Materials sector company, Stantec (STN), has received a rating update from a Wall Street analyst yesterday. Scotiabank’s analyst Mark Neville reiterates their Buy rating on the shares, with a C$42 price target.

According to, Neville is a 4-star analyst with an average return of 9.1% and a 61.0% success rate. Neville covers the Basic Materials sector, focusing on stocks such as SNC-Lavalin Group Inc, Stella-Jones Inc, and Stantec Inc.

Read also: Direxion Daily Jr Gld Mnrs (JNUG): Gold Stocks Recovering

Currently, the analyst consensus on Stantec is a Strong Buy with an average price target of C$39.80.

Stantec’s market cap is currently C$3.9B and has a P/E ratio of 29.6. The company has a Price to Book ratio of 1.97.

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 Thursday at C$34.23.