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Stantec ( (TSE:STN) ) has provided an announcement.
Stantec has announced the renewal of its Normal Course Issuer Bid (NCIB) and Automatic Share Purchase Plan (ASPP), allowing for the repurchase of up to 2% of its outstanding common shares. This initiative reflects Stantec’s strategy to maintain financial stability while investing in growth and enhancing shareholder returns. The renewal aligns with their focus on capital deployment, indicating a belief that their shares are undervalued and represent a good investment.
More about Stantec
Stantec is a global leader in sustainable architecture, engineering, and environmental consulting, providing expertise in managing infrastructure, demographic changes, and energy transition. It operates within an industry focused on addressing climate change and digital transformation, trading on TSX and NYSE under the symbol STN.
YTD Price Performance: 5.98%
Average Trading Volume: 147,157
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.64B
For a thorough assessment of STN stock, go to TipRanks’ Stock Analysis page.
