Canaccord Genuity Group Issues Pessimistic Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price objective decreased by investment analysts at Canaccord Genuity Group from C$305.00 to C$300.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 28.90% from the company’s current price.

WSP has been the topic of a number of other research reports. UBS Group increased their price objective on WSP Global from C$274.00 to C$285.00 in a report on Wednesday, March 5th. CIBC lifted their target price on WSP Global from C$293.00 to C$295.00 in a research report on Friday, February 28th. Raymond James upped their target price on WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 30th. TD Securities lifted their price target on WSP Global from C$300.00 to C$305.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus increased their price objective on WSP Global from C$295.00 to C$310.00 in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$284.46.

WSP Global Trading Down 2.4 %

Shares of WSP Global stock traded down C$5.65 on Thursday, reaching C$232.74. The company had a trading volume of 141,231 shares, compared to its average volume of 244,783. WSP Global has a 52-week low of C$201.24 and a 52-week high of C$264.87. The firm’s 50 day moving average price is C$247.10 and its two-hundred day moving average price is C$247.26. The firm has a market cap of C$30.03 billion, a PE ratio of 44.47, a PEG ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26.

Insider Activity at WSP Global

In related news, Director Macky Tall bought 2,056 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of C$243.94 per share, for a total transaction of C$501,540.64. Insiders own 0.06% of the company’s stock.

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).