WSP Global (TSE:WSP) Price Target Cut to C$306.00 by Analysts at Desjardins

WSP Global (TSE:WSP) had its target price cut by Desjardins from C$313.00 to C$306.00 in a research report report published on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the company. BMO Capital Markets boosted their target price on WSP Global from C$330.00 to C$335.00 in a research note on Thursday. Royal Bank Of Canada reduced their target price on WSP Global from C$318.00 to C$316.00 in a report on Friday. 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 report on Monday, October 27th. CIBC lowered their target price on shares of WSP Global from C$349.00 to C$342.00 in a research note on Friday. Finally, Scotiabank increased their price objective on WSP Global from C$306.00 to C$308.00 in a research report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$318.42.

WSP Global Stock Performance

Shares of TSE:WSP traded up C$3.39 during mid-day trading on Friday, reaching C$257.83. The company had a trading volume of 462,010 shares, compared to its average volume of 244,851. 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 has a market cap of C$33.67 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 1.09 and a beta of 0.51. The company’s 50-day moving average price is C$277.47 and its 200-day moving average price is C$275.38. WSP Global has a one year low of C$217.42 and a one year high of C$291.46.

Insider Activity at WSP Global

In related news, Director Alexandre L’heureux sold 40,713 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of C$280.54, for a total value of C$11,421,625.02. Following the completion of the transaction, the director directly owned 37,809 shares of the company’s stock, valued at C$10,606,936.86. This represents a 51.85% decrease in their ownership of the stock. Also, insider Philippe Fortier sold 7,000 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of C$280.43, for a total value of C$1,963,010.00. Following the completion of the transaction, the insider owned 1,747 shares of the company’s stock, valued at approximately C$489,911.21. This trade represents a 80.03% decrease in their position. Insiders have sold 78,781 shares of company stock worth $22,092,534 over the last 90 days. 0.06% of the stock is owned by company 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).