WSP Global (TSE:WSP) Price Target Raised to C$310.00

WSP Global (TSE:WSP) had its target price increased by analysts at Raymond James from C$270.00 to C$310.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ price target suggests a potential upside of 23.12% from the company’s previous close.

WSP has been the topic of a number of other reports. Scotiabank raised WSP Global to a “strong-buy” rating in a report on Friday, October 25th. Canaccord Genuity Group increased their price objective on shares of WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. BMO Capital Markets boosted their target price on WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. Royal Bank of Canada increased their price target on WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th. Finally, Stifel Nicolaus upped their price objective on WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$271.91.

WSP Global Stock Performance

Shares of WSP Global stock traded up C$4.13 on Tuesday, hitting C$251.79. 90,945 shares of the company’s stock were exchanged, compared to its average volume of 157,955. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13. The stock has a market capitalization of C$31.40 billion, a PE ratio of 52.68, a PEG ratio of 1.09 and a beta of 0.82. WSP Global has a 1 year low of C$190.91 and a 1 year high of C$259.60. The company has a 50-day simple moving average of C$247.56 and a 200-day simple moving average of C$237.04.

WSP Global (TSE:WSP) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$2.24. The business had revenue of C$3 billion during the quarter, compared to analyst estimates of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. As a group, equities analysts anticipate that WSP Global will post 9.5687404 EPS for the current year.

About WSP Global

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.