Canaccord Genuity analyst Yuri Lynk maintained a Buy rating on Stantec (STN) yesterday and set a price target of C$49.00. The company’s shares closed last Thursday at $29.21.
According to TipRanks.com, Lynk is a 4-star analyst with an average return of 5.0% and a 51.9% success rate. Lynk covers the Industrial Goods sector, focusing on stocks such as North American Construction Group, Hardwoods Distribution, and Badger Daylighting.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stantec with a $36.51 average price target, representing a 21.5% upside. In a report issued on October 25, Desjardins also maintained a Buy rating on the stock with a C$51.00 price target.
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The company has a one-year high of $33.81 and a one-year low of $21.43. Currently, Stantec has an average volume of 94.77K.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STN in relation to earlier this year.
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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.
