WSP Global (TSE:WSP) Insider Philippe Fortier Sells 7,000 Shares of Stock

WSP Global Inc. (TSE:WSP) insider Philippe Fortier sold 7,000 shares of the stock in a transaction that occurred 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 C$489,911.21. This represents a 80.03% decrease in their position.

WSP Global Price Performance

WSP Global stock opened at C$280.03 on Wednesday. The stock has a market capitalization of C$36.55 billion, a P/E ratio of 45.68, a P/E/G ratio of 1.09 and a beta of 0.64. The company’s fifty day moving average price is C$281.91 and its 200 day moving average price is C$265.81. 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 Inc. has a 1 year low of C$217.42 and a 1 year high of C$289.94.

WSP Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, June 30th. WSP Global’s payout ratio is 24.47%.

Analysts Set New Price Targets

WSP has been the subject of several recent research reports. BMO Capital Markets increased their price objective on WSP Global from C$312.00 to C$324.00 in a research note on Thursday, August 7th. National Bankshares lifted their target price on shares of WSP Global from C$292.00 to C$297.00 in a research note on Friday, August 8th. CIBC increased their target price on shares of WSP Global from C$305.00 to C$317.00 in a research report on Friday, July 18th. ATB Capital raised their price target on shares of WSP Global from C$270.00 to C$305.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. Finally, Stifel Nicolaus upped their price objective on shares of WSP Global from C$305.00 to C$317.00 in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, WSP Global currently has an average rating of “Buy” and an average price target of C$304.69.

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).