Stantec Inc. (STN) Director Acquires C$149,037.00 in Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Theresa Jang acquired 4,700 shares of Stantec stock in a transaction that occurred on Wednesday, November 28th. The shares were purchased at an average price of C$31.71 per share, for a total transaction of C$149,037.00.

STN stock opened at C$31.66 on Friday. The company has a debt-to-equity ratio of 49.54, a current ratio of 1.67 and a quick ratio of 1.61. Stantec Inc. has a 1 year low of C$30.54 and a 1 year high of C$36.83.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Friday, December 28th will be paid a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Thursday, December 27th. Stantec’s payout ratio is 90.16%.

Several equities analysts recently issued reports on STN shares. BMO Capital Markets raised their price objective on Stantec from C$38.00 to C$40.00 in a research note on Thursday, August 9th. Canaccord Genuity upgraded Stantec from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$34.00 to C$37.00 in a research note on Thursday, August 9th. Laurentian upgraded Stantec from a “hold” rating to a “buy” rating and set a C$39.00 price objective on the stock in a research note on Monday, October 22nd. CIBC upgraded Stantec from a “neutral” rating to an “outperform” rating in a research note on Monday, October 22nd. Finally, Royal Bank of Canada raised their target price on Stantec from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Friday, November 9th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Stantec has an average rating of “Hold” and a consensus price target of C$38.17.

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About Stantec

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services – Canada, Consulting Services – United States, Consulting Services – Global, and Construction Services.

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