Stantec (TSE:STN) Director Clayton Bock Purchases 1,485 Shares of Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Clayton Bock acquired 1,485 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of C$94.85 per share, with a total value of C$140,852.25. Following the transaction, the director owned 4,895 shares in the company, valued at approximately C$464,290.75. This trade represents a 43.55% increase in their ownership of the stock.

Stantec Price Performance

Shares of Stantec stock opened at C$98.23 on Friday. The stock has a market cap of C$11.20 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.46 and a beta of 0.76. The company has a debt-to-equity ratio of 76.67, a quick ratio of 1.46 and a current ratio of 1.35. The stock’s fifty day moving average is C$109.04 and its 200 day moving average is C$121.60. Stantec Inc. has a one year low of C$94.79 and a one year high of C$160.05.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share (EPS) for the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.The business had revenue of C$2.07 billion during the quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STN. Royal Bank Of Canada reduced their price objective on shares of Stantec from C$175.00 to C$155.00 in a research note on Friday, May 15th. Scotia cut their price target on Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating for the company in a research note on Friday, May 15th. National Bank Financial decreased their price target on Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Stifel Nicolaus lowered their price objective on Stantec from C$160.00 to C$140.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, TD dropped their price objective on Stantec from C$158.00 to C$132.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$150.54.

About Stantec

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.