WSP Global (TSE:WSP) Rating Increased to Outperform at ATB Capital

ATB Capital upgraded shares of WSP Global (TSE:WSP) from a sector perform rating to an outperform rating in a report issued on Friday morning,BayStreet.CA reports. The brokerage currently has C$305.00 target price on the stock.

Several other research analysts also recently commented on the company. Scotiabank lifted their target price on WSP Global from C$306.00 to C$308.00 in a research note on Friday, October 17th. Desjardins raised their price target on WSP Global from C$301.00 to C$313.00 and gave the company a “buy” rating in a report on Friday, August 8th. National Bankshares lifted their price objective on shares of WSP Global from C$297.00 to C$299.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities increased their price objective on shares of WSP Global from C$328.00 to C$330.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, Stifel Nicolaus lifted their target price on shares of WSP Global from C$317.00 to C$350.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$318.42.

WSP Global Stock Up 1.3%

WSP stock traded up C$3.39 during mid-day trading on Friday, reaching C$257.83. The company had a trading volume of 462,010 shares, compared to its average volume of 244,851. The company has a market capitalization of C$33.67 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 1.09 and a beta of 0.51. WSP Global has a 52 week low of C$217.42 and a 52 week high of C$291.46. The stock has a 50 day simple moving average of C$277.47 and a two-hundred day simple moving average of C$275.38. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04.

Insider Buying and Selling at WSP Global

In related 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 value of C$7,006,250.00. Following the completion of the sale, the director directly owned 37,809 shares in the company, valued at approximately C$10,595,972.25. The trade was a 39.80% decrease in their ownership of the stock. Also, insider Philippe Fortier sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of C$280.43, for a total value of C$1,963,010.00. Following the transaction, the insider owned 1,747 shares in the company, valued at approximately C$489,911.21. This trade represents a 80.03% decrease in their position. Insiders sold 78,781 shares of company stock valued at $22,092,534 in the last quarter. 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).