TD Securities Raises WSP Global (TSE:WSP) Price Target to C$307.00

WSP Global (TSE:WSP) had its price objective boosted by research analysts at TD Securities from C$298.00 to C$307.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 17.91% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Canaccord Genuity Group reduced their target price on WSP Global from C$305.00 to C$300.00 in a report on Thursday, April 10th. BMO Capital Markets increased their price target on WSP Global from C$284.00 to C$294.00 in a research report on Thursday, February 27th. Stifel Nicolaus reduced their price objective on shares of WSP Global from C$310.00 to C$300.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. CIBC boosted their target price on WSP Global from C$295.00 to C$296.00 in a research report on Thursday, April 17th. Finally, Scotiabank boosted their target price on shares of WSP Global from C$281.00 to C$283.00 in a report on Wednesday, February 19th. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$283.92.

WSP Global Price Performance

WSP Global stock traded down C$1.99 during midday trading on Monday, reaching C$260.37. The company’s stock had a trading volume of 116,608 shares, compared to its average volume of 247,228. The firm has a market capitalization of C$33.59 billion, a PE ratio of 49.75, a P/E/G ratio of 1.09 and a beta of 0.82. The stock’s 50 day simple moving average is C$244.99 and its 200 day simple moving average is C$248.10. WSP Global has a fifty-two week low of C$201.24 and a fifty-two week high of C$266.00. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26.

Insider Buying and Selling

In related news, Director Macky Tall acquired 2,056 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of C$243.94 per share, for a total transaction of C$501,540.64. 0.06% of the stock is currently owned by company 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).