Stantec Inc. (TSE:STN) Director Buys C$411,458.13 in Stock

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN Director Susan Reisbord purchased 2,785 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were acquired at an average price of C$147.74 per share, for a total transaction of C$411,458.13.

Stantec Price Performance

TSE STN traded up C$0.69 on Thursday, hitting C$147.66. 338,733 shares of the company were exchanged, compared to its average volume of 274,266. Stantec Inc. has a 1-year low of C$103.48 and a 1-year high of C$147.81. The firm has a 50 day moving average of C$136.06 and a two-hundred day moving average of C$122.46. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The company has a market cap of C$16.83 billion, a P/E ratio of 49.28, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, June 30th. Stantec's dividend payout ratio is presently 28.03%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on STN. ATB Capital lifted their target price on shares of Stantec from C$140.00 to C$145.00 and gave the company a "sector perform" rating in a research report on Thursday, May 22nd. Stifel Nicolaus raised their price target on shares of Stantec from C$143.00 to C$156.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada upped their price objective on Stantec from C$138.00 to C$150.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Scotiabank increased their target price on Stantec from C$144.00 to C$146.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Raymond James Financial raised Stantec from a "market perform" rating to an "outperform" rating and boosted their price target for the company from C$130.00 to C$140.00 in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Stantec has a consensus rating of "Buy" and an average target price of C$148.42.

Stantec Company Profile

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.

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