CIBC Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price target lifted by CIBC from C$318.00 to C$349.00 in a report issued on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Desjardins upped their price target on WSP Global from C$301.00 to C$313.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. ATB Capital boosted their target price on shares of WSP Global from C$270.00 to C$305.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. Stifel Nicolaus upped their target price on shares of WSP Global from C$317.00 to C$350.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Canaccord Genuity Group increased their price target on shares of WSP Global from C$305.00 to C$335.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of WSP Global from C$289.00 to C$293.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, WSP Global presently has an average rating of “Buy” and an average price target of C$314.67.

WSP Global Stock Performance

WSP Global stock opened at C$281.22 on Monday. WSP Global has a fifty-two week low of C$217.42 and a fifty-two week high of C$291.46. The stock’s 50 day simple moving average is C$280.23 and its two-hundred day simple moving average is C$272.47. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26. The stock has a market cap of C$36.71 billion, a price-to-earnings ratio of 45.88, a PEG ratio of 1.09 and a beta of 0.57.

Insider Buying and Selling at WSP Global

In other WSP Global news, insider Philippe Fortier sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of C$280.43, for a total value of C$1,963,010.00. Following the transaction, the insider directly owned 1,747 shares in the company, valued at approximately C$489,911.21. This trade represents a 80.03% decrease in their ownership of the stock. Also, Director Alexandre L’heureux sold 25,000 shares of WSP Global stock in a transaction on Thursday, August 14th. The stock was sold at an average price of C$280.25, for a total transaction of C$7,006,250.00. Following the transaction, the director owned 37,809 shares in the company, valued at C$10,595,972.25. This represents a 39.80% decrease in their position. Over the last ninety days, insiders sold 78,781 shares of company stock valued at $22,092,534. 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).