WSP Global (TSE:WSP) Price Target Raised to C$296.00

WSP Global (TSE:WSP) had its price objective upped by CIBC from C$295.00 to C$296.00 in a research note issued on Thursday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 19.18% from the stock’s previous close.

A number of other research firms have also issued reports on WSP. Stifel Nicolaus increased their target price on WSP Global from C$295.00 to C$310.00 in a report on Tuesday, February 18th. Scotiabank boosted their price objective on WSP Global from C$281.00 to C$283.00 in a research report on Wednesday, February 19th. BMO Capital Markets increased their target price on shares of WSP Global from C$284.00 to C$294.00 in a research report on Thursday, February 27th. Canaccord Genuity Group dropped their target price on shares of WSP Global from C$305.00 to C$300.00 in a research note on Thursday, April 10th. Finally, UBS Group increased their target price on WSP Global from C$274.00 to C$285.00 in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$283.77.

WSP Global Stock Performance

Shares of TSE:WSP traded down C$0.74 during trading on Thursday, hitting C$248.37. 67,724 shares of the company traded hands, compared to its average volume of 246,146. WSP Global has a one year low of C$201.24 and a one year high of C$264.87. The stock has a market capitalization of C$32.04 billion, a price-to-earnings ratio of 47.46, a PEG ratio of 1.09 and a beta of 0.82. 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 business’s fifty day moving average is C$246.55 and its 200-day moving average is C$247.46.

Insider Buying and Selling at WSP Global

In other news, Director Macky Tall bought 2,056 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of C$243.94 per share, with a total value of C$501,540.64. 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).