Stantec Inc. (TSE:STN) (NYSE:STN) Director Carl Frank Clayton sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of C$35.10, for a total value of C$351,000.00.
Stantec Inc. (TSE:STN) traded down C$0.02 during midday trading on Thursday, reaching C$35.13. The company had a trading volume of 212,144 shares, compared to its average volume of 203,133. Stantec Inc. has a 1-year low of C$30.24 and a 1-year high of C$37.13.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.50 dividend on an annualized basis and a yield of 1.42%. Stantec’s dividend payout ratio (DPR) is presently 48.27%.
A number of equities analysts have recently issued reports on STN shares. Raymond James Financial increased their target price on Stantec from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Scotiabank reissued an “outperform” rating and issued a C$40.00 target price on shares of Stantec in a report on Friday, November 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a C$40.00 target price on shares of Stantec in a report on Monday, October 23rd. Canaccord Genuity increased their target price on Stantec from C$34.00 to C$36.00 in a report on Tuesday, October 31st. Finally, National Bank Financial dropped their target price on Stantec from C$42.00 to C$39.00 and set an “outperform” rating for the company in a report on Friday, December 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Stantec has an average rating of “Buy” and a consensus price target of C$39.38.
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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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