National Bankshares Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price objective increased by analysts at National Bankshares from C$297.00 to C$299.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 15.97% from the stock’s previous close.

Several other equities analysts also recently commented on WSP. TD Securities upped their price target on shares of WSP Global from C$328.00 to C$330.00 and gave the company a “buy” rating in a research note on Monday, October 27th. CIBC cut their price target on WSP Global from C$349.00 to C$342.00 in a research note on Friday. Canaccord Genuity Group raised their price objective on WSP Global from C$305.00 to C$335.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. ATB Capital upped 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. Finally, Scotiabank raised their price target on WSP Global from C$306.00 to C$308.00 in a research report on Friday, October 17th. One 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, WSP Global presently has an average rating of “Buy” and a consensus target price of C$318.42.

WSP Global Stock Performance

TSE:WSP traded up C$3.39 during mid-day trading on Friday, hitting C$257.83. 462,010 shares of the stock were exchanged, compared to its average volume of 244,851. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26. The firm’s 50-day simple moving average is C$277.91 and its 200 day simple moving average is C$275.28. WSP Global has a fifty-two week low of C$217.42 and a fifty-two week high of C$291.46. The stock has a market capitalization of C$33.65 billion, a price-to-earnings 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, Director Alexandre L’heureux sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of C$280.25, for a total transaction of C$7,006,250.00. Following the completion of the transaction, the director directly owned 37,809 shares in the company, valued at C$10,595,972.25. This represents a 39.80% decrease in their position. Also, insider Alain Michaud sold 6,068 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 6,493 shares of the company’s stock, valued at approximately C$1,820,831.99. The trade was a 48.31% decrease in their position. In the last three months, insiders have sold 78,781 shares of company stock valued at $22,092,534. 0.06% of the stock is owned by 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).