WSP Global Inc (WSP) Insider Sells C$214,650.00 in Stock

WSP Global Inc (TSE:WSP) insider David Langlois sold 3,000 shares of the stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of C$71.55, for a total value of C$214,650.00.

WSP traded down C$0.02 during trading on Wednesday, reaching C$71.49. The stock had a trading volume of 117,201 shares, compared to its average volume of 261,043. WSP Global Inc has a 1-year low of C$51.31 and a 1-year high of C$75.42.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, August 8th. The company reported C$0.78 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.91 by C($0.13). The firm had revenue of C$1.54 billion during the quarter, compared to analyst estimates of C$1.52 billion. WSP Global had a return on equity of 9.97% and a net margin of 4.44%.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, October 15th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.50 dividend on an annualized basis and a yield of 2.10%.

A number of research firms have weighed in on WSP. Desjardins upped their target price on WSP Global from C$74.00 to C$76.00 in a research report on Thursday, August 9th. BMO Capital Markets upped their target price on WSP Global from C$70.00 to C$73.00 in a research report on Thursday, August 9th. Raymond James upped their target price on WSP Global from C$75.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 1st. National Bank Financial upped their target price on WSP Global from C$57.00 to C$71.00 and gave the stock a “sector perform” rating in a research report on Friday, June 8th. Finally, TD Securities upped their target price on WSP Global from C$76.00 to C$81.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. WSP Global has an average rating of “Buy” and an average target price of C$74.00.

About WSP Global

WSP Global Inc operates as a professional services company in the United States, Canada, the United Kingdom, Sweden, and internationally. The company's Property & Buildings segment provides technical and management consultancy services, such as structural and mechanical, electrical, and plumbing engineering; and a range of specialist services, including fire engineering, lighting design, vertical transportation, acoustics, intelligent building systems, audiovisual systems, information technology, facade engineering, and green building design.

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