WSP Global (TSE:WSP) Price Target Raised to C$308.00 at Scotiabank

WSP Global (TSE:WSP) had its price target hoisted by Scotiabank from C$306.00 to C$308.00 in a report published on Friday morning,BayStreet.CA reports.

WSP has been the subject of several other research reports. Canaccord Genuity Group increased their target price on shares of WSP Global from C$305.00 to C$335.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. BMO Capital Markets increased their target price on shares of WSP Global from C$312.00 to C$324.00 in a report on Thursday, August 7th. National Bankshares increased their price target on shares of WSP Global from C$292.00 to C$297.00 in a research note on Friday, August 8th. ATB Capital increased their price target on shares of WSP Global from C$270.00 to C$305.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. Finally, CIBC increased their price target on shares of WSP Global from C$305.00 to C$317.00 in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, WSP Global has a consensus rating of “Buy” and an average target price of C$312.00.

WSP Global Stock Performance

Shares of WSP opened at C$276.46 on Friday. WSP Global has a 12 month low of C$217.42 and a 12 month high of C$291.46. The firm has a fifty day simple moving average of C$280.21 and a 200 day simple moving average of C$271.71. The stock has a market capitalization of C$36.09 billion, a price-to-earnings ratio of 45.10, a PEG ratio of 1.09 and a beta of 0.57. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45.

Insider Buying and Selling

In related news, Director Alexandre L’heureux sold 40,713 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of C$280.54, for a total transaction of C$11,421,625.02. Following the transaction, the director directly owned 37,809 shares of the company’s stock, valued at approximately C$10,606,936.86. This trade represents a 51.85% decrease in their ownership of the stock. Also, insider Alain Michaud sold 6,068 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of C$280.43, for a total transaction of C$1,701,649.24. Following the transaction, the insider directly owned 6,493 shares in the company, valued at approximately C$1,820,831.99. This represents a 48.31% decrease in their ownership of the stock. Over the last three months, insiders have sold 78,781 shares of company stock valued at $22,092,534. 0.06% of the stock is owned by company insiders.

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).