WSP Global Inc. (TSE:WSP) Receives Average Rating of "Buy" from Brokerages

Key Points

• WSP Global Inc. has received an average rating of "Buy" from nine brokerage firms, with six giving a buy recommendation and two a strong buy.
• The average 1-year price target for WSP Global's stock is C$314.67, as reported by current analysts.
• Insider trading activity saw significant sales, with Director Alexandre L'heureux selling 25,000 shares, reducing his position by 39.80%.

WSP Global Inc. (TSE:WSP - Get Free Report) has been assigned an average rating of "Buy" from the nine ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$314.67.

A number of brokerages recently commented on WSP. Desjardins boosted their target price on WSP Global from C$301.00 to C$313.00 and gave the company a "buy" rating in a research report on Friday, August 8th. ATB Capital boosted their target price on WSP Global from C$270.00 to C$305.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. Stifel Nicolaus boosted their target price on WSP Global from C$317.00 to C$350.00 and gave the company a "buy" rating in a research report on Monday, October 6th. CIBC boosted their price objective on WSP Global from C$318.00 to C$349.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Canaccord Genuity Group boosted their price objective on WSP Global from C$305.00 to C$335.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th.

WSP Global Stock Performance

Shares of WSP Global stock opened at C$282.12 on Wednesday. WSP Global has a one year low of C$217.42 and a one year high of C$291.46. The firm has a market capitalization of C$36.82 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 1.09 and a beta of 0.57. The business has a 50-day simple moving average of C$280.21 and a 200 day simple moving average of C$272.54. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04.

Insiders Place Their Bets

In other WSP Global news, Director Alexandre L'heureux sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of C$280.25, for a total transaction of C$7,006,250.00. Following the completion of the sale, the director directly owned 37,809 shares of the company's stock, valued at approximately C$10,595,972.25. The trade was a 39.80% decrease in their position. Also, insider Alain Michaud sold 6,068 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of C$280.43, for a total value of C$1,701,649.24. Following the sale, the insider directly owned 6,493 shares of the company's stock, valued at C$1,820,831.99. This represents a 48.31% decrease in their ownership of the stock. In the last ninety days, insiders sold 78,781 shares of company stock valued at $22,092,534. Corporate 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).

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