The stock of Stantec Inc. (TSE:STN) hit a new 52-week high and has $38.71 target or 9.00% above today’s $35.51 share price. The 9 months bullish chart indicates low risk for the $4.16B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $38.71 price target is reached, the company will be worth $374.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 15,701 shares traded hands. Stantec Inc. (TSE:STN) has risen 7.79% since April 19, 2016 and is uptrending. It has outperformed by 2.46% the S&P500.
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 2.00% above today’s ($35.51) stock price. Stantec Inc. has been the topic of 24 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Monday, May 2 by National Bank Canada. The stock of Stantec Inc. (TSE:STN) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, July 22. Desjardins Securities downgraded Stantec Inc. (TSE:STN) on Friday, June 3 to “Hold” rating. Dundee Securities upgraded Stantec Inc. (TSE:STN) rating on Tuesday, September 8. Dundee Securities has “Buy” rating and $34 price target.
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 $4.16 billion. The Company’s segment is Consulting Services. It has a 30.3 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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