Stantec Inc. (STN) Hits New 52-Week High at $36.87

Stantec Inc. (TSE:STN) (NYSE:STN) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$36.87 and last traded at C$36.87, with a volume of 140,213 shares changing hands. The stock had previously closed at C$36.00.

Several brokerages have issued reports on STN. CIBC raised their price objective on shares of Stantec from C$36.00 to C$37.00 in a research report on Thursday, August 10th. Scotiabank set a C$40.00 price objective on shares of Stantec and gave the stock an “outperform” rating in a research report on Thursday, August 10th. TD Securities raised their price objective on shares of Stantec from C$36.00 to C$38.00 and gave the stock a “hold” rating in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a C$40.00 price objective on shares of Stantec in a research report on Monday, October 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$37.86.

The stock has a market cap of $4.21 billion and a price-to-earnings ratio of 35.65. The stock’s 50-day moving average price is $35.02 and its 200 day moving average price is $33.38.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, September 28th.

In related news, Director Paul Jeremy David Alpern sold 1,498 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of C$33.99, for a total transaction of C$50,917.02. Also, Director Donald James Lowry bought 3,000 shares of Stantec stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of C$33.50 per share, for a total transaction of C$100,500.00.

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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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