The Globe and Mail reports in its Wednesday, Aug. 2, edition that Raymond James analyst Frederic Bastien has reaffirmed his "outperform" recommendation for Stantec. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bastien gave his share target a $10 bump up to $100. Analysts on average target the shares at $92.40. Mr. Bastien says in a note: "Stantec's recent performance is further proof that the engineering and environmental consultant has nothing to envy its global peers. Our Best Pick for 2023 is punching above its weight in organic revenue and backlog growth, capitalizing on strong secular trends, and making sustainability core to everything it does. For these reasons, we are comfortable increasing our target EV/EBITDA multiple on the stock from 13 times to 14 times, essentially bringing our Stantec valuation on par with that of WSP Global." The Globe reported on June 6 that Stifel analyst Ian Gillies was holding on to his "buy" recommendation for Stantec. The shares could then be had for $81.78. The Globe reported on July 21 that CIBC World Markets analyst Jacob Bout had reaffirmed his "outperformer" ranking for Stantec. The shares could then be had for $88.75.