Stantec (STN) Receives a Buy from Stifel Nicolaus
Stifel Nicolaus analyst Ian Gillies maintained a Buy rating on Stantec today and set a price target of C$173.00.
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According to TipRanks, Gillies is a 5-star analyst with an average return of 7.7% and a 58.16% success rate.
In a report released on January 22, Scotiabank also maintained a Buy rating on the stock with a C$162.00 price target.
Based on Stantec’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$2.14 billion and a net profit of C$150 million. In comparison, last year the company earned a revenue of C$1.52 billion and had a net profit of C$103.2 million
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STN in relation to earlier this year.
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