WSP Global (TSE:WSP) Given New C$299.00 Price Target at National Bankshares

WSP Global (TSE:WSP) had its price target lifted by National Bankshares from C$297.00 to C$299.00 in a report issued on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the stock. TD Securities upped their price target on shares of WSP Global from C$328.00 to C$330.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. CIBC cut their target price on WSP Global from C$349.00 to C$342.00 in a research report on Friday. BMO Capital Markets lifted their price target on WSP Global from C$330.00 to C$335.00 in a research report on Thursday. Royal Bank Of Canada dropped their price objective on WSP Global from C$318.00 to C$316.00 in a research note on Friday. Finally, Stifel Nicolaus upped their price objective on WSP Global from C$317.00 to C$350.00 and gave the company a “buy” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$318.42.

WSP Global Stock Performance

Shares of WSP traded up C$3.39 during trading hours on Friday, reaching C$257.83. 462,010 shares of the company’s stock traded hands, compared to its average volume of 244,851. The firm has a market capitalization of C$33.67 billion, a price-to-earnings ratio of 38.60, a P/E/G ratio of 1.09 and a beta of 0.51. The business’s fifty day simple moving average is C$277.47 and its two-hundred day simple moving average is C$275.38. WSP Global has a twelve month low of C$217.42 and a twelve month 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.

Insider Transactions at WSP Global

In related news, insider Alain Michaud sold 6,068 shares of WSP Global 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 transaction, the insider 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 position. Also, Director Alexandre L’heureux sold 25,000 shares of the business’s stock in a transaction dated 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. The trade was a 39.80% decrease in their position. Insiders sold a total of 78,781 shares of company stock valued at $22,092,534 in the last three months. 0.06% of the stock is currently owned by corporate 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).