Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN's share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$147.65 and last traded at C$147.65, with a volume of 1175 shares. The stock had previously closed at C$146.39.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on STN shares. Canaccord Genuity Group raised their price objective on shares of Stantec from C$138.00 to C$150.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. CIBC increased their target price on shares of Stantec from C$141.00 to C$156.00 in a research note on Thursday, May 22nd. TD Securities raised their target price on shares of Stantec from C$145.00 to C$165.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Scotiabank upped their price target on Stantec from C$144.00 to C$146.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Stifel Nicolaus increased their price objective on Stantec from C$143.00 to C$156.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. One 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 stock. According to MarketBeat.com, Stantec presently has an average rating of "Buy" and a consensus target price of C$148.42.
Check Out Our Latest Report on Stantec
Stantec Trading Up 1.1%
The company has a market cap of C$17.01 billion, a PE ratio of 49.80, a PEG ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The company has a 50 day simple moving average of C$136.59 and a two-hundred day simple moving average of C$122.64.
Stantec Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Monday, June 30th. Stantec's payout ratio is presently 28.03%.
Insider Buying and Selling at Stantec
In other Stantec news, Director Susan Reisbord acquired 2,785 shares of Stantec stock in a transaction that occurred on Thursday, June 26th. The stock was acquired at an average price of C$147.74 per share, with a total value of C$411,458.13. Also, Director Clayton Bock acquired 1,250 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of C$139.51 per share, with a total value of C$174,392.88. Company insiders own 0.27% of the company's stock.
About Stantec
(
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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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