WSP Global (TSE:WSP) Given New C$306.00 Price Target at Desjardins

WSP Global (TSE:WSP) had its price target reduced by Desjardins from C$313.00 to C$306.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 18.68% from the company’s current price.

WSP has been the topic of several other reports. ATB Capital upgraded shares of WSP Global from a “sector perform” rating to an “outperform” rating and set a C$305.00 price objective on the stock in a report on Friday. Scotiabank lifted their price target on shares of WSP Global from C$306.00 to C$308.00 in a report on Friday, October 17th. Stifel Nicolaus upped their price objective on WSP Global from C$317.00 to C$350.00 and gave the stock a “buy” rating in a report on Monday, October 6th. TD Securities lifted their target price on WSP Global from C$328.00 to C$330.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, CIBC lowered their price target on WSP Global from C$349.00 to C$342.00 in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$318.42.

WSP Global Trading Up 1.3%

TSE WSP traded up C$3.39 during trading hours on Friday, hitting C$257.83. 462,010 shares of the company’s stock were exchanged, compared to its average volume of 244,851. The business’s 50 day moving average is C$277.91 and its 200-day moving average is C$275.28. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26. WSP Global has a 12-month low of C$217.42 and a 12-month high of C$291.46. The firm has a market capitalization of C$33.65 billion, a P/E ratio of 42.06, a price-to-earnings-growth ratio of 1.09 and a beta of 0.51.

Insiders Place Their Bets

In other news, insider Alain Michaud sold 6,068 shares of the company’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 completion of the sale, the insider owned 6,493 shares of the company’s stock, valued at C$1,820,831.99. This represents a 48.31% decrease in their ownership of the stock. Also, Director Alexandre L’heureux sold 40,713 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of C$280.54, for a total value of C$11,421,625.02. Following the transaction, the director directly owned 37,809 shares in the company, valued at C$10,606,936.86. This trade represents a 51.85% decrease in their ownership of the stock. Insiders have sold a total of 78,781 shares of company stock worth $22,092,534 over the last quarter. 0.06% of the stock is owned by corporate insiders.

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).