WSP Global (TSE:WSP) Raised to Strong-Buy at Atb Cap Markets

WSP Global (TSE:WSP) was upgraded by analysts at Atb Cap Markets from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other brokerages have also recently issued reports on WSP. Canaccord Genuity Group lifted their price objective on shares of 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. National Bankshares upped their price objective on shares of WSP Global from C$297.00 to C$299.00 and gave the company an “outperform” rating in a research note on Friday. Scotiabank lifted their target price on shares of WSP Global from C$306.00 to C$308.00 in a research report on Friday, October 17th. BMO Capital Markets raised their price objective on shares of WSP Global from C$330.00 to C$335.00 in a research note on Thursday. Finally, Royal Bank Of Canada cut their target price on shares of WSP Global from C$318.00 to C$316.00 in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to data from MarketBeat, WSP Global currently has an average rating of “Buy” and a consensus target price of C$318.42.

WSP Global Stock Up 1.3%

Shares of WSP stock traded up C$3.39 during trading hours on Thursday, hitting C$257.83. 462,010 shares of the company were exchanged, compared to its average volume of 244,851. The stock has a market capitalization of C$33.67 billion, a price-to-earnings ratio of 38.60, a P/E/G ratio of 1.09 and a beta of 0.51. WSP Global has a one year low of C$217.42 and a one year high of C$291.46. The business’s 50-day simple moving average is C$277.47 and its two-hundred day simple moving average is C$275.38. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26.

Insider Activity at WSP Global

In other news, Director Alexandre L’heureux sold 25,000 shares of WSP Global 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 value of C$7,006,250.00. Following the transaction, the director owned 37,809 shares of the company’s stock, valued at C$10,595,972.25. This trade represents a 39.80% decrease in their ownership of the stock. Also, insider Philippe Fortier sold 7,000 shares of WSP Global stock in a transaction on 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 transaction, the insider owned 1,747 shares in the company, valued at C$489,911.21. This trade represents a 80.03% decrease in their position. In the last 90 days, insiders sold 78,781 shares of company stock valued at $22,092,534. Insiders own 0.06% of the company’s stock.

WSP Global Company Profile

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).