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

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

Stantec Stock Performance

Shares of Stantec stock traded up C$1.72 on Friday, hitting C$98.04. The stock had a trading volume of 214,452 shares, compared to its average volume of 435,820. Stantec Inc. has a 52-week low of C$94.79 and a 52-week high of C$160.05. The company has a current ratio of 1.35, a quick ratio of 1.46 and a debt-to-equity ratio of 76.67. The stock has a market cap of C$11.18 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 1.46 and a beta of 0.76. The company’s 50 day moving average price is C$109.58 and its 200 day moving average price is C$121.77.

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 firm had revenue of C$2.07 billion for the quarter.

Wall Street Analysts Forecast Growth

STN has been the subject of a number of recent research reports. BMO Capital Markets decreased their price target on shares of Stantec from C$175.00 to C$154.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Scotia decreased their target price on shares of 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. Royal Bank Of Canada lowered their price target on Stantec from C$175.00 to C$155.00 in a report on Friday, May 15th. Scotiabank dropped their price target on Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Finally, National Bank Financial reduced their price objective on Stantec from C$163.00 to C$143.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Thirteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$150.54.

Stantec Company Profile

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.