Stifel Nicolaus Lowers WSP Global (TSE:WSP) Price Target to C$300.00

WSP Global (TSE:WSP) had its target price cut by equities research analysts at Stifel Nicolaus from C$310.00 to C$300.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 21.03% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. UBS Group increased their target price on shares of WSP Global from C$274.00 to C$285.00 in a report on Wednesday, March 5th. Scotiabank lifted their target price on WSP Global from C$281.00 to C$283.00 in a report on Wednesday, February 19th. Raymond James upped their price target on WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. TD Securities lifted their price objective on WSP Global from C$300.00 to C$305.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, BMO Capital Markets upped their target price on shares of WSP Global from C$284.00 to C$294.00 in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, WSP Global has a consensus rating of “Buy” and an average target price of C$283.77.

WSP Global Stock Down 0.5 %

Shares of WSP opened at C$247.88 on Thursday. The company’s 50-day simple moving average is C$246.29 and its 200-day simple moving average is C$247.59. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26. WSP Global has a 1 year low of C$201.24 and a 1 year high of C$264.87. The stock has a market capitalization of C$31.98 billion, a PE ratio of 47.37, a P/E/G ratio of 1.09 and a beta of 0.82.

Insider Activity at WSP Global

In other news, Director Macky Tall purchased 2,056 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of C$243.94 per share, for a total transaction of C$501,540.64. 0.06% of the stock is owned by corporate insiders.

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).