Insider Buying: WSP Global (TSE:WSP) Director Purchases 300 Shares of Stock

Key Points

• Director Pascale Sourisse bought 300 WSP Global shares at C$184.66 each, spending C$55,398. The purchase increased her direct stake by 33.78% to 1,188 shares.
• WSP reported quarterly EPS of C$3.20 and revenue of C$5.29 billion. Its shares traded at C$184.94 in mid-day trading, up C$3.49.
• Analysts’ consensus rating was Buy, with an average price target of C$289.62; one analyst rated the stock Strong Buy and 12 rated it Buy.

WSP Global Inc. (TSE:WSP - Get Free Report) Director Pascale Sourisse acquired 300 shares of WSP Global stock in a transaction that occurred on Monday, November 9th. The stock was acquired at an average price of C$184.66 per share, with a total value of C$55,398.00. Following the completion of the acquisition, the director directly owned 1,188 shares in the company, valued at C$219,376.08. This represents a 33.78% increase in their position.

WSP Global Stock Performance

TSE:WSP traded up C$3.49 during mid-day trading on Monday, reaching C$184.94. The company's stock had a trading volume of 527,467 shares, compared to its average volume of 546,343. WSP Global Inc. has a 12-month low of C$156.64 and a 12-month high of C$275.24. The firm's fifty day moving average price is C$178.73 and its two-hundred day moving average price is C$200.33. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 79.06. The stock has a market cap of C$24.93 billion, a P/E ratio of 25.30, a PEG ratio of 1.09 and a beta of 0.37.

WSP Global (TSE:WSP - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported C$3.20 earnings per share (EPS) for the quarter. WSP Global had a net margin of 4.88% and a return on equity of 9.55%. The firm had revenue of C$5.29 billion for the quarter. On average, equities analysts forecast that WSP Global Inc. will post 9.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WSP shares. National Bank Financial dropped their target price on shares of WSP Global from C$219.00 to C$216.00 and set an "outperform" rating on the stock in a report on Wednesday, September 30th. ATB Cormark Capital Markets decreased their target price on shares of WSP Global from C$330.00 to C$325.00 and set an "outperform" rating for the company in a research note on Friday, August 7th. Scotia decreased their target price on shares of WSP Global from C$281.00 to C$279.00 and set a "sector outperform" rating for the company in a research note on Monday, August 10th. TD lowered their price target on WSP Global from C$307.00 to C$255.00 and set a "buy" rating on the stock in a report on Tuesday, July 28th. Finally, Stifel Nicolaus lowered their price target on WSP Global from C$280.00 to C$230.00 and set a "buy" rating on the stock in a report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$289.62.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.