WSP Global (TSE:WSP) Given New C$350.00 Price Target at Stifel Nicolaus

Key Points

• WSP Global's stock price target has been increased by Stifel Nicolaus from C$317.00 to C$350.00, indicating a potential upside of 26.78% from its current price.
• Multiple rating agencies have raised their price targets for WSP Global, with a majority assigning a Buy or Strong Buy rating.
• WSP Global's shares traded down 0.3%, reaching C$276.07, amid recent insider selling activities, where insiders sold over C$22 million worth of company stock in the last 90 days.

WSP Global (TSE:WSP - Get Free Report) had its price target increased by equities research analysts at Stifel Nicolaus from C$317.00 to C$350.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 26.78% from the company's current price.

WSP has been the topic of several other research reports. National Bankshares upped their target price on shares of WSP Global from C$292.00 to C$297.00 in a research note on Friday, August 8th. Royal Bank Of Canada upped their target price on shares of WSP Global from C$289.00 to C$293.00 and gave the company an "outperform" rating in a report on Friday, August 8th. ATB Capital lifted 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. Canaccord Genuity Group lifted their price objective on WSP Global from C$305.00 to C$335.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Desjardins raised their target price on shares of WSP Global from C$301.00 to C$313.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$307.23.

WSP Global Stock Down 0.3%

Shares of TSE:WSP traded down C$0.75 during midday trading on Monday, reaching C$276.07. The company's stock had a trading volume of 138,369 shares, compared to its average volume of 240,083. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45. The firm has a 50 day moving average of C$281.00 and a 200-day moving average of C$269.77. 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$36.04 billion, a P/E ratio of 45.04, a PEG ratio of 1.09 and a beta of 0.57.

Insider Activity at WSP Global

In other WSP Global news, insider Alain Michaud sold 6,068 shares of the business'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$1,701,649.24. Following the transaction, the insider owned 6,493 shares in the company, valued at C$1,820,831.99. The trade was a 48.31% decrease in their ownership of the stock. Also, insider Philippe Fortier sold 7,000 shares of the 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 completion of the sale, the insider directly owned 1,747 shares in the company, valued at C$489,911.21. This trade represents a 80.03% 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. 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).

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