Stifel Nicolaus Issues Pessimistic Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price objective reduced by research analysts at Stifel Nicolaus from C$310.00 to C$300.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 21.03% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Canaccord Genuity Group cut their price target on shares of WSP Global from C$305.00 to C$300.00 in a report on Thursday, April 10th. BMO Capital Markets boosted their target price on shares of WSP Global from C$284.00 to C$294.00 in a research note on Thursday, February 27th. UBS Group increased their target price on WSP Global from C$274.00 to C$285.00 in a report on Wednesday, March 5th. TD Securities boosted their price target on WSP Global from C$300.00 to C$305.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, CIBC raised their price objective on WSP Global from C$295.00 to C$296.00 in a report on Thursday. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, WSP Global currently has an average rating of “Buy” and an average target price of C$283.77.

WSP Global Price Performance

Shares of WSP Global stock opened at C$247.88 on Thursday. The firm has a market cap of C$31.98 billion, a PE ratio of 47.37, a P/E/G ratio of 1.09 and a beta of 0.82. WSP Global has a twelve month low of C$201.24 and a twelve month high of C$264.87. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45. The business has a 50-day moving average price of C$246.29 and a 200 day moving average price of C$247.59.

Insider Buying and Selling at WSP Global

In related news, Director Macky Tall bought 2,056 shares of the stock in a transaction on Thursday, March 6th. The stock was bought at an average price of C$243.94 per share, with a total value of C$501,540.64. Company insiders own 0.06% of the company’s stock.

About WSP Global

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).