Stantec Inc. (TSE:STN) Director Buys C$485,960.00 in Stock

Stantec Inc. (TSE:STNGet Free Report) (NYSE:STN) Director Vito Culmone purchased 4,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of C$121.49 per share, with a total value of C$485,960.00.

Stantec Stock Performance

STN stock traded down C$0.53 during trading on Wednesday, reaching C$120.25. The company had a trading volume of 336,469 shares, compared to its average volume of 262,909. The company has a market cap of C$13.72 billion, a price-to-earnings ratio of 39.73, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec Inc. has a twelve month low of C$96.31 and a twelve month high of C$122.83. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. The firm has a 50-day simple moving average of C$113.40 and a 200-day simple moving average of C$113.29.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 0.70%. Stantec’s payout ratio is currently 27.63%.

Analysts Set New Price Targets

STN has been the subject of a number of analyst reports. Canaccord Genuity Group upped their target price on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Raymond James cut Stantec from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Scotiabank upgraded Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus increased their price target on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$126.36.

Check Out Our Latest Research Report on STN

Stantec Company Profile

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Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.

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