WSP Global (TSE:WSP) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

WSP Global (TSE:WSP) had its target price increased by analysts at Stifel Nicolaus from C$305.00 to C$317.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Stifel Nicolaus’ price objective would indicate a potential upside of 10.99% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. TD Securities boosted their price objective on WSP Global from C$298.00 to C$307.00 and gave the company a “buy” rating in a research note on Monday, May 12th. CIBC boosted their price objective on WSP Global from C$295.00 to C$296.00 in a research note on Thursday, April 17th. Finally, Canaccord Genuity Group boosted their price objective on WSP Global from C$300.00 to C$305.00 in a research note on Friday, June 13th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$285.62.

WSP Global Price Performance

WSP opened at C$285.62 on Wednesday. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. The company has a market capitalization of C$36.85 billion, a price-to-earnings ratio of 54.58, a P/E/G ratio of 1.09 and a beta of 0.82. The firm’s fifty day moving average price is C$275.56 and its two-hundred day moving average price is C$257.33. WSP Global has a 1 year low of C$208.35 and a 1 year high of C$286.74.

Insider Transactions at WSP Global

In other WSP Global news, Senior Officer Mark Naysmith sold 6,715 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of C$281.34, for a total value of C$1,889,184.67. Company insiders own 0.06% of the company’s stock.

WSP Global Company Profile

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).