WSP Global (TSE:WSP) Given New C$335.00 Price Target at BMO Capital Markets

WSP Global (TSE:WSP) had its price objective upped by BMO Capital Markets from C$330.00 to C$335.00 in a research report report published on Thursday,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. Canaccord Genuity Group raised their target price on shares of WSP Global from C$305.00 to C$335.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. 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 research note on Monday, October 6th. TD Securities lifted their target price on 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. Scotiabank boosted their target price on WSP Global from C$306.00 to C$308.00 in a report on Friday, October 17th. Finally, ATB Capital increased their price target on WSP Global from C$270.00 to C$305.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, WSP Global presently has an average rating of “Buy” and a consensus target price of C$317.50.

WSP Global Stock Performance

TSE WSP opened at C$254.44 on Thursday. The firm has a market capitalization of C$33.21 billion, a P/E ratio of 41.51, a price-to-earnings-growth ratio of 1.09 and a beta of 0.51. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The firm’s fifty day moving average price is C$277.91 and its two-hundred day moving average price is C$275.28. WSP Global has a 1 year low of C$217.42 and a 1 year high of C$291.46.

Insiders Place Their Bets

In related news, insider Alain Michaud sold 6,068 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of C$280.43, for a total value of C$1,701,649.24. Following the transaction, the insider directly owned 6,493 shares in the company, valued at approximately C$1,820,831.99. This represents a 48.31% decrease in their ownership of the stock. Also, insider Philippe Fortier sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of C$280.43, for a total transaction of C$1,963,010.00. Following the transaction, the insider directly owned 1,747 shares in the company, valued at approximately C$489,911.21. This represents a 80.03% decrease in their ownership of the stock. Insiders have sold 78,781 shares of company stock worth $22,092,534 in the last 90 days. Company insiders own 0.06% of the company’s stock.

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).