Canaccord Genuity Keeps Their Hold Rating on Stantec

By Carrie Williams

Stantec (TSX: STN), the Materials sector company, has received a rating update from a Wall Street analyst today. Canaccord Genuity’s analyst Yuri Lynk reiterates their Hold rating on the shares, with a C$34 price target.

According to TipRanks.com, Lynk is a 4-star analyst with an average return of 6.1% and a 52.9% success rate. Lynk covers the Basic Materials sector, focusing on stocks such as Badger Daylighting Ltd, Aecom Technology Corp, and North American Energy.

Currently, the analyst consensus on Stantec is Moderate Buy and the average price target is C$37, representing a 14.5% upside.

In a report issued on June 19, RBC Capital also reiterated a Hold rating on the stock with a C$34 price target.

Stantec’s market cap is currently C$3.69B and has a P/E ratio of 84.8.

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 Tuesday at $32.31.