WSP Global Inc. (TSE:WSP) Receives C$304.69 Average Price Target from Brokerages

WSP Global Inc. (TSE:WSP) has been assigned an average rating of “Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$304.69.

WSP has been the topic of several recent research reports. Stifel Nicolaus raised their price target on WSP Global from C$305.00 to C$317.00 in a report on Wednesday, July 16th. Canaccord Genuity Group boosted their price target on shares of WSP Global from C$305.00 to C$335.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. BMO Capital Markets increased their price objective on shares of WSP Global from C$312.00 to C$324.00 in a report on Thursday, August 7th. CIBC lifted their price objective on shares of WSP Global from C$305.00 to C$317.00 in a research report on Friday, July 18th. Finally, ATB Capital increased their price objective on WSP Global from C$270.00 to C$305.00 and gave the stock a “sector perform” rating in a report on Friday, August 8th.

Insider Activity at WSP Global

In other WSP Global news, insider Alain Michaud sold 6,068 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of C$280.43, for a total transaction of C$1,701,649.24. Following the transaction, the insider owned 6,493 shares of the company’s stock, valued at approximately C$1,820,831.99. This trade represents a 48.31% decrease in their position. Also, insider Philippe Fortier sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of C$280.43, for a total value of C$1,963,010.00. Following the sale, the insider directly owned 1,747 shares in the company, valued at approximately C$489,911.21. The trade was a 80.03% decrease in their position. Insiders sold 78,781 shares of company stock worth $22,092,534 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

WSP Global Price Performance

WSP opened at C$270.77 on Friday. 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 company’s 50-day moving average price is C$281.80 and its 200 day moving average price is C$269.02. WSP Global has a fifty-two week low of C$217.42 and a fifty-two week high of C$291.46. The firm has a market cap of C$35.34 billion, a price-to-earnings ratio of 44.17, a price-to-earnings-growth ratio of 1.09 and a beta of 0.64.

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).