WSP Global (TSE:WSP) Given New C$316.00 Price Target at Royal Bank Of Canada

WSP Global (TSE:WSP) had its target price reduced by Royal Bank Of Canada from C$318.00 to C$316.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Royal Bank Of Canada’s target price would suggest a potential upside of 22.56% from the stock’s current price.

Several other research analysts have also weighed in on WSP. Canaccord Genuity Group increased their price objective on shares of WSP Global from C$305.00 to C$335.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. National Bankshares boosted their target price on shares of WSP Global from C$292.00 to C$297.00 in a report on Friday, August 8th. Stifel Nicolaus increased 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 note on Monday, October 6th. CIBC lifted their price target on shares of WSP Global from C$318.00 to C$349.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Finally, BMO Capital Markets upped their price objective on WSP Global from C$330.00 to C$335.00 in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$318.42.

WSP Global Trading Up 1.3%

TSE WSP traded up C$3.39 during trading hours on Friday, hitting C$257.83. 462,010 shares of the company’s stock were exchanged, compared to its average volume of 244,851. The business’s 50 day moving average is C$277.91 and its 200-day moving average is C$275.28. 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 12-month low of C$217.42 and a 12-month high of C$291.46. The firm has a market capitalization of C$33.65 billion, a P/E ratio of 42.06, a price-to-earnings-growth ratio of 1.09 and a beta of 0.51.

Insider Activity at WSP Global

In related news, insider Philippe Fortier sold 7,000 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of C$280.43, for a total transaction 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 on 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 completion of the sale, the insider owned 6,493 shares of the company’s stock, valued at approximately C$1,820,831.99. This represents a 48.31% decrease in their ownership of the stock. In the last 90 days, insiders have sold 78,781 shares of company stock worth $22,092,534. 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).