WSP Global (TSE:WSP) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

WSP Global (TSE:WSP) had its price objective hoisted by analysts at BMO Capital Markets from C$330.00 to C$335.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 29.93% from the company’s current price.

Several other equities research analysts have also weighed in on WSP. Royal Bank Of Canada upped their price objective on WSP Global from C$289.00 to C$293.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Stifel Nicolaus boosted their price target on shares of WSP Global from C$317.00 to C$350.00 and gave the company a “buy” rating in a research report on Monday, October 6th. CIBC raised their price objective on shares of WSP Global from C$318.00 to C$349.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. ATB Capital lifted 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 research note on Friday, August 8th. Finally, Canaccord Genuity Group boosted their target price on WSP Global from C$305.00 to C$335.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to MarketBeat.com, WSP Global currently has an average rating of “Buy” and an average target price of C$318.42.

WSP Global Price Performance

TSE WSP opened at C$257.83 on Thursday. The stock’s 50-day moving average is C$277.47 and its two-hundred day moving average is C$275.38. WSP Global has a fifty-two week low of C$217.42 and a fifty-two week 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 firm has a market cap of C$33.67 billion, a P/E ratio of 38.60, a price-to-earnings-growth ratio of 1.09 and a beta of 0.51.

Insider Buying and Selling

In other WSP Global news, insider Philippe Fortier sold 7,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 1,747 shares in the company, valued at 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 the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of C$280.25, for a total value of C$7,006,250.00. Following the sale, the director owned 37,809 shares in the company, valued at approximately C$10,595,972.25. This represents a 39.80% decrease in their position. Over the last quarter, insiders have sold 78,781 shares of company stock worth $22,092,534. Corporate 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).