Desjardins Remains a Buy on Stantec

By Jason Carr

Stantec (TSX: STN), the Materials sector company, was revisited by a Wall Street analyst on June 13. Analyst Benoit Poirier from Desjardins reiterated a Buy rating, with a C$39 price target on June 13.

According to TipRanks.com, Poirier is a 5-star analyst with an average return of 8.4% and a 66.5% success rate. Poirier covers the Services sector, focusing on stocks such as Canadian Railway, Canadian Pacific, and Stantec Inc.

Stantec has an analyst consensus of Moderate Buy, with a price target consensus of C$37.

The company has a one year high of C$36.85 and a one year low of C$28.74. Currently, Stantec has an average volume of 262.9K.

Stantec, Inc. engages in providing professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management and project economics for infrastructure & facilities projects. It supports its clients through multidiscipline service delivery throughout the project life cycle. Stantec was founded in 1954 and is headquartered in Edmonton, Canada.

The company’s shares closed last Thursday at $31.40.