Susan Reisbord Buys 2,785 Shares of Stantec Inc. (TSE:STN) Stock

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

Stantec Price Performance

Stantec stock opened at C$150.21 on Friday. Stantec Inc. has a 1 year low of C$103.48 and a 1 year high of C$150.28. 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 firm has a 50 day moving average price of C$136.59 and a 200 day moving average price of C$122.64. The company has a market cap of C$17.12 billion, a price-to-earnings ratio of 50.13, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Dividend Announcement

The firm also recently announced 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 dividend payout ratio (DPR) is presently 28.03%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Royal Bank Of Canada boosted their price target on Stantec from C$138.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. ATB Capital lifted their price objective on Stantec from C$140.00 to C$145.00 and gave the stock a “sector perform” rating in a report on Thursday, May 22nd. TD Securities upped their target price on Stantec from C$145.00 to C$165.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. National Bankshares lifted their price target on Stantec from C$144.00 to C$147.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Finally, CIBC increased their price objective on shares of Stantec from C$141.00 to C$156.00 in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average 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.