Desjardins Sticks to Its Buy Rating for Stantec (STN)

By Ryan Adsit

On May 13, an analyst has provided a rating update for the Materials sector company, Stantec (STNResearch Report). The company received a Buy on May 13 from Desjardins’ analyst Benoit Poirier, with a C$40 price target.

Poirier has an average return of 4.2% when recommending Stantec.

According to TipRanks.com, Poirier is ranked #268 out of 5183 analysts.

Stantec has an analyst consensus of Moderate Buy, with a price target consensus of C$37.83, representing a 14.7% upside. In a report issued on May 13, BMO Capital also reiterated a Buy rating on the stock with a C$39 price target.

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Stantec’s market cap is currently C$3.68B and has a P/E ratio of 65.9. The company has a Price to Book ratio of 1.98.

Stantec, Inc. engages in general design and architectural solutions. It specializes in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, construction services, project management, and project economics, from initial project concept and planning through to design, construction, commissioning, maintenance, decommissioning, and remediation. It operates through the following segments: Buildings; Energy and Resources; Environment Services; Infrastructure; and Water. The Buildings segment offers e-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, project management, and construction management services primarily for private sector 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 design and engineering and construction management services in water projects. The company was founded in 1954 and is headquartered in Edmonton, Canada.

The company’s shares closed on Thursday at C$32.97.