WSP Global (TSE:WSP) Upgraded to “Strong-Buy” at Atb Cap Markets

Atb Cap Markets upgraded shares of WSP Global (TSE:WSP) from a hold rating to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

Other analysts have also recently issued reports about the company. TD Securities increased their price target on WSP Global from C$328.00 to C$330.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. CIBC dropped their target price on WSP Global from C$349.00 to C$342.00 in a research report on Friday. Scotiabank raised their target price on WSP Global from C$306.00 to C$308.00 in a research note on Friday, October 17th. Stifel Nicolaus upped their price target on shares of WSP Global from C$317.00 to C$350.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, Canaccord Genuity Group lifted their price objective on shares of WSP Global from C$305.00 to C$335.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat, WSP Global has an average rating of “Buy” and an average target price of C$318.42.

WSP Global Stock Performance

Shares of TSE WSP traded up C$3.39 during midday trading on Thursday, hitting C$257.83. The company’s stock had a trading volume of 462,010 shares, compared to its average volume of 244,851. 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 1-year low of C$217.42 and a 1-year high of C$291.46. The firm’s fifty day moving average price is C$277.47 and its 200-day moving average price is C$275.38. The firm has a market cap of C$33.67 billion, a P/E ratio of 38.60, a P/E/G ratio of 1.09 and a beta of 0.51.

Insiders Place Their Bets

In other news, insider Philippe Fortier sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of C$280.43, for a total value of C$1,963,010.00. Following the completion of the sale, the insider directly owned 1,747 shares of the company’s stock, valued at approximately C$489,911.21. This represents a 80.03% decrease in their position. Also, insider Alain Michaud sold 6,068 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of C$280.43, for a total transaction of C$1,701,649.24. Following the completion of the transaction, the insider owned 6,493 shares of the company’s stock, valued at C$1,820,831.99. This trade represents a 48.31% decrease in their ownership of the stock. In the last three months, insiders have sold 78,781 shares of company stock worth $22,092,534. 0.06% of the stock is 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).