WSP Global (TSE:WSP) Stock: Insider Pascale Sourisse Buys 300 Shares

WSP Global Inc. (TSE:WSP) Director Pascale Sourisse acquired 300 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was purchased at an average cost of C$184.66 per share, with a total value of C$55,398.00. Following the acquisition, the director directly owned 1,188 shares of the company’s stock, valued at C$219,376.08. This trade represents a 33.78% increase in their position.

WSP Global Price Performance

WSP Global stock opened at C$180.54 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 79.06. The company has a 50-day moving average price of C$178.57 and a 200 day moving average price of C$199.88. WSP Global Inc. has a 12-month low of C$156.64 and a 12-month high of C$275.24. The stock has a market cap of C$24.34 billion, a P/E ratio of 24.70, a PEG ratio of 1.09 and a beta of 0.37.

WSP Global (TSE:WSP) last posted its earnings results on Wednesday, November 4th. The company reported C$3.20 earnings per share for the quarter. WSP Global had a net margin of 4.88% and a return on equity of 9.55%. The company had revenue of C$5.29 billion for the quarter. Sell-side analysts anticipate that WSP Global Inc. will post 9.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BMO Capital Markets decreased their price objective on WSP Global from C$280.00 to C$275.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. Desjardins cut their target price on WSP Global from C$372.00 to C$369.00 and set a “buy” rating for the company in a research note on Friday, August 7th. TD reduced their target price on WSP Global from C$307.00 to C$255.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. ATB Cormark Capital Markets reduced their target price on WSP Global from C$330.00 to C$325.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Finally, Stifel Nicolaus decreased their price target on WSP Global from C$280.00 to C$230.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$289.62.

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).