WSP Global (TSE:WSP) PT Raised to C$275.00

WSP Global (TSE:WSP) had its price target raised by equities research analysts at Canaccord Genuity Group from C$260.00 to C$275.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 10.09% from the company’s previous close.

A number of other equities research analysts have also commented on WSP. Stifel Nicolaus increased their price target on WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. BMO Capital Markets increased their price target on WSP Global from C$252.00 to C$257.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. CIBC increased their price target on WSP Global from C$245.00 to C$264.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Desjardins increased their price target on WSP Global from C$249.00 to C$257.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, National Bankshares set a C$255.00 price objective on WSP Global and gave the company an “outperform” rating in a research note on Monday, August 19th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$258.25.

WSP Global Price Performance

Shares of TSE:WSP opened at C$249.80 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81. WSP Global has a twelve month low of C$174.39 and a twelve month high of C$253.45. The stock’s 50 day moving average is C$231.44 and its 200-day moving average is C$219.95. The firm has a market capitalization of C$31.15 billion, a price-to-earnings ratio of 52.26, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP) last issued its earnings results on Tuesday, July 30th. The company reported C$1.89 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.90 by C($0.01). The firm had revenue of C$2.99 billion for the quarter, compared to analyst estimates of C$2.93 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. Sell-side analysts forecast that WSP Global will post 9.5687404 EPS for the current fiscal year.

WSP Global Company Profile

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.