Gordon Allan Johnston Purchases 4,000 Shares of Stantec (TSE:STN) Stock

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

Stantec Price Performance

Shares of TSE STN opened at C$137.56 on Monday. Stantec Inc. has a twelve month low of C$107.23 and a twelve month high of C$160.05. The firm has a fifty day simple moving average of C$133.50 and a 200 day simple moving average of C$145.47. The company has a market capitalization of C$15.69 billion, a PE ratio of 32.44, a P/E/G ratio of 1.46 and a beta of 0.78. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on STN. National Bankshares lowered their target price on Stantec from C$167.00 to C$161.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Royal Bank Of Canada lifted their price objective on shares of Stantec from C$153.00 to C$168.00 in a research note on Monday, November 17th. Desjardins boosted their target price on shares of Stantec from C$160.00 to C$173.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Stifel Nicolaus raised their price target on shares of Stantec from C$160.00 to C$175.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, CIBC lifted their price target on shares of Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Stantec currently has a consensus rating of “Moderate Buy” and an average target price of C$166.70.

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.