Key Points
- WSP Global Director Pascale Sourisse bought 300 shares for C$55,398, increasing her holdings by 33.78% to 1,188 shares.
- The company reported quarterly earnings of C$3.20 per share on revenue of C$5.29 billion; analysts forecast C$9.57 EPS for the full fiscal year.
- Analysts maintain a consensus “Buy” rating, with an average price target of C$289.62, despite several firms cutting their targets.
WSP Global Inc. (TSE:WSP - Get Free Report) Director Pascale Sourisse purchased 300 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was purchased at an average price of C$184.66 per share, for a total transaction of C$55,398.00. Following the acquisition, the director owned 1,188 shares in the company, valued at approximately C$219,376.08. This trade represents a 33.78% increase in their ownership of the stock.
WSP Global Trading Up 1.9%
TSE:WSP opened at C$184.94 on Tuesday. WSP Global Inc. has a 52-week low of C$156.64 and a 52-week high of C$275.24. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 79.06. The stock has a fifty day simple moving average of C$178.73 and a 200-day simple moving average of C$200.33. The company has a market capitalization of C$24.93 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.09 and a beta of 0.37.
WSP Global (TSE:WSP - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported C$3.20 earnings per share (EPS) 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 during the quarter. On average, equities research analysts expect that WSP Global Inc. will post 9.57 earnings per share for the current fiscal year.
Analysts Set New Price Targets
WSP has been the topic of several analyst reports. Stifel Nicolaus decreased their price target on shares of 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. Desjardins cut their price target on WSP Global from C$372.00 to C$369.00 and set a "buy" rating for the company in a report on Friday, August 7th. National Bank Financial reduced their price target on WSP Global from C$219.00 to C$216.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 30th. ATB Cormark Capital Markets dropped their target price on WSP Global from C$330.00 to C$325.00 and set an "outperform" rating for the company in a research note on Friday, August 7th. Finally, TD lowered their price target on WSP Global from C$307.00 to C$255.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$289.62.
Read Our Latest Report on WSP Global
WSP Global Company Profile
(
Get Free Report)
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).
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