What’s Stantec Inc. Downside After Today’s Huge Decline?

 What's Stantec Inc. Downside After Today's Huge Decline?

The stock of Stantec Inc. (TSE:STN) is a huge mover today! About 13,690 shares traded hands. Stantec Inc. (TSE:STN) has risen 6.63% since April 14, 2016 and is uptrending. It has outperformed by 2.20% the S&P500.
The move comes after 5 months negative chart setup for the $3.94B company. It was reported on Nov, 18 by Barchart.com. We have $31.62 PT which if reached, will make TSE:STN worth $315.20M less.

Stantec Inc. (TSE:STN) Ratings Coverage

Out of 8 analysts covering Stantec Inc. (TSE:STN), 1 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 13% are positive. $40 is the highest target while $30 is the lowest. The $36.22 average target is 5.38% above today’s ($34.37) stock price. Stantec Inc. has been the topic of 24 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Friday, June 3, the company rating was downgraded by Desjardins Securities. As per Tuesday, September 8, the company rating was upgraded by Dundee Securities. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, July 22. National Bank Canada maintained Stantec Inc. (TSE:STN) on Monday, May 2 with “Sector Perform” rating.

Another recent and important Stantec Inc. (TSE:STN) news was published by Streetinsider.com which published an article titled: “Stantec, Inc. (STN) to Acquire MWH Global for ~$793M” on March 29, 2016.

Stantec Inc. is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The company has a market cap of $3.94 billion. The Company’s segment is Consulting Services. It has a 29.33 P/E ratio. The Company’s services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.

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