WSP Global (TSE:WSP) Price Target Raised to C$330.00

WSP Global (TSE:WSP) had its target price boosted by TD Securities from C$328.00 to C$330.00 in a research note issued to investors on Monday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other analysts also recently commented on WSP. ATB Capital boosted their price objective on WSP Global from C$270.00 to C$305.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. Stifel Nicolaus boosted their price objective on WSP Global from C$317.00 to C$350.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Scotiabank boosted their price objective on WSP Global from C$306.00 to C$308.00 in a research note on Friday, October 17th. Canaccord Genuity Group boosted their price objective on 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 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. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$316.58.

WSP Global Stock Down 2.0%

WSP opened at C$272.08 on Monday. WSP Global has a 12 month low of C$217.42 and a 12 month high of C$291.46. 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 stock has a market cap of C$35.51 billion, a P/E ratio of 44.38, a P/E/G ratio of 1.09 and a beta of 0.57. The stock’s 50 day moving average price is C$279.86 and its 200 day moving average price is C$274.72.

Insider Buying and Selling

In related news, insider Alain Michaud sold 6,068 shares of WSP Global stock in a transaction on Thursday, August 14th. The stock was sold at an average price of C$280.43, for a total value of C$1,701,649.24. Following the transaction, the insider directly owned 6,493 shares in the company, valued at C$1,820,831.99. The trade was a 48.31% decrease in their position. Also, insider Philippe Fortier sold 7,000 shares of WSP Global stock in a transaction 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 completion of the transaction, the insider owned 1,747 shares in the company, valued at C$489,911.21. The trade was a 80.03% decrease in their ownership of the stock. Insiders have sold 78,781 shares of company stock worth $22,092,534 in the last three months. 0.06% of the stock is currently owned by 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).