Insider Buying: WSP Global (TSE:WSP) Director Purchases 300 Shares of Company Stock

WSP Global Inc. (TSE:WSP) Director Pascale Sourisse acquired 300 shares of the firm’s stock in a transaction dated Monday, November 9th. The stock was bought at an average cost of C$184.66 per share, for a total transaction of C$55,398.00. Following the purchase, the director directly owned 1,188 shares of the company’s stock, valued at approximately C$219,376.08. This trade represents a 33.78% increase in their ownership of the stock.

WSP Global Price Performance

TSE:WSP traded up C$3.49 on Monday, reaching C$184.94. 527,467 shares of the company’s stock traded hands, compared to its average volume of 546,343. The stock has a 50-day simple moving average of C$178.73 and a 200-day simple moving average of C$200.33. WSP Global Inc. has a 12 month low of C$156.64 and a 12 month high of C$275.24. The firm has a market cap of C$24.93 billion, a PE ratio of 25.30, a P/E/G ratio of 1.09 and a beta of 0.37. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 79.06.

WSP Global (TSE:WSP) last issued its earnings results on Wednesday, November 4th. The company reported C$3.20 earnings per share for the quarter. WSP Global had a net margin of 4.88% and a return on equity of 9.55%. The firm had revenue of C$5.29 billion during the quarter. Equities research analysts forecast that WSP Global Inc. will post 9.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WSP. Royal Bank Of Canada reduced their price target on shares of WSP Global from C$304.00 to C$303.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 30th. BMO Capital Markets lowered their price objective on shares of WSP Global from C$280.00 to C$275.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. Scotia reduced their target price on shares of WSP Global from C$281.00 to C$279.00 and set a “sector outperform” rating on the stock in a report on Monday, August 10th. Desjardins reduced their target price on shares of WSP Global from C$372.00 to C$369.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, National Bank Financial decreased their target price on shares of WSP Global from C$219.00 to C$216.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$289.62.

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).