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

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

Stantec Stock Performance

Shares of TSE STN opened at C$98.23 on Friday. The firm’s 50-day moving average price is C$109.04 and its 200-day moving average price is C$121.60. The company has a quick ratio of 1.46, a current ratio of 1.35 and a debt-to-equity ratio of 76.67. The company has a market cap of C$11.20 billion, a PE ratio of 22.90, a PEG ratio of 1.46 and a beta of 0.76. Stantec Inc. has a 52-week low of C$94.79 and a 52-week high of C$160.05.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$1.33 earnings per share for the quarter. The firm had revenue of C$2.07 billion during the quarter. Stantec had a net margin of 6.19% and a return on equity of 15.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on STN shares. ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating and dropped their price target for the stock from C$157.00 to C$130.00 in a research note on Friday, May 15th. Scotia lowered their target price on Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating on the stock in a report on Friday, May 15th. Desjardins dropped their target price on Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. National Bank Financial cut their price target 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. Finally, TD reduced their price target on shares of Stantec from C$158.00 to C$132.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$150.54.

About Stantec

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.