Donald James Lowry Purchases 3,000 Shares of Stantec Inc. (STN) Stock
Stantec Inc. (TSE:STN) (NYSE:STN) Director Donald James Lowry purchased 3,000 shares of Stantec stock in a transaction on Thursday, August 17th. The shares were acquired at an average price of C$33.50 per share, with a total value of C$100,500.00.
Shares of Stantec Inc. (TSE STN) traded down 0.63% during mid-day trading on Friday, hitting $33.28. The stock had a trading volume of 108,879 shares. The stock has a market cap of $3.79 billion and a price-to-earnings ratio of 85.33. The firm’s 50-day moving average price is $32.38 and its 200 day moving average price is $33.45. Stantec Inc. has a 12-month low of $28.74 and a 12-month high of $36.85.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.50 annualized dividend and a dividend yield of 1.50%.
STN has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$34.00 price target on shares of Stantec in a research report on Thursday, June 22nd. Raymond James Financial, Inc. reduced their price target on Stantec from C$39.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, May 12th. Desjardins upgraded Stantec from a “hold” rating to a “buy” rating and set a C$39.00 price target for the company in a research report on Friday, May 12th. TD Securities reduced their price target on Stantec from C$38.00 to C$36.00 and set a “hold” rating for the company in a research report on Friday, May 12th. Finally, Scotiabank set a C$40.00 price target on Stantec and gave the stock an “outperform” rating in a research report on Thursday, August 10th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$36.13.
Stantec Company Profile
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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