Brokerages Set WSP Global Inc. (TSE:WSP) PT at C$314.67

WSP Global Inc. (TSE:WSP) has been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$314.67.

WSP has been the topic of several research analyst reports. BMO Capital Markets raised their price target on WSP Global from C$312.00 to C$324.00 in a research report on Thursday, August 7th. ATB Capital raised their price target on WSP Global from C$270.00 to C$305.00 and gave the company a “sector perform” rating in a research report on Friday, August 8th. Desjardins raised their price target on WSP Global from C$301.00 to C$313.00 and gave the company a “buy” rating in a research report on Friday, August 8th. CIBC raised their price target on WSP Global from C$318.00 to C$349.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Finally, Scotiabank raised their price target on WSP Global from C$306.00 to C$308.00 in a research report on Friday, October 17th.

Insider Activity

In other news, 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 value of C$1,701,649.24. Following the sale, the insider directly 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 ownership of the stock. Also, insider Philippe Fortier sold 7,000 shares of the 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$1,963,010.00. Following the completion of the sale, the insider owned 1,747 shares of the company’s stock, valued at approximately C$489,911.21. The trade was a 80.03% decrease in their position. Over the last ninety days, insiders have sold 78,781 shares of company stock valued at $22,092,534. 0.06% of the stock is owned by insiders.

WSP Global Trading Down 1.9%

Shares of TSE:WSP opened at C$276.16 on Wednesday. The stock has a market capitalization of C$36.05 billion, a PE ratio of 45.05, a P/E/G ratio of 1.09 and a beta of 0.57. WSP Global has a 1 year low of C$217.42 and a 1 year high of C$291.46. The firm has a fifty day moving average price of C$280.14 and a 200 day moving average price of C$273.90. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45.

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).