Stantec (TSE:STN) Director Purchases C$526,080.00 in Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Gordon Allan Johnston purchased 4,000 shares of Stantec stock in a transaction dated Wednesday, December 24th. The shares were bought at an average price of C$131.52 per share, with a total value of C$526,080.00. Following the completion of the transaction, the director owned 53,793 shares in the company, valued at approximately C$7,074,855.36. This trade represents a 8.03% increase in their position.

Stantec Stock Performance

STN opened at C$137.26 on Tuesday. Stantec Inc. has a 1-year low of C$107.23 and a 1-year high of C$160.05. The stock has a market cap of C$15.66 billion, a P/E ratio of 32.37, a P/E/G ratio of 1.46 and a beta of 0.78. The stock’s 50 day simple moving average is C$133.46 and its 200 day simple moving average is C$145.38. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Thursday, November 13th. The company reported C$1.53 EPS for the quarter. The company had revenue of C$2.14 billion for the quarter. Stantec had a return on equity of 12.08% and a net margin of 4.78%.

Analyst Upgrades and Downgrades

STN has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on shares of Stantec from C$153.00 to C$168.00 in a report on Monday, November 17th. CIBC upped their target price on Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Desjardins raised their price target on Stantec from C$160.00 to C$173.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. TD Securities upped their price objective on Stantec from C$176.00 to C$183.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, National Bankshares reduced their price objective on Stantec from C$167.00 to C$161.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy” and an average target price of C$166.70.

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.