WSP Global (TSE:WSP) Stock Price Expected to Rise, Raymond James Analyst Says

WSP Global (TSE:WSP) had its price objective increased by investment analysts at Raymond James from C$270.00 to C$310.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James’ price objective indicates a potential upside of 25.69% from the company’s current price.

Several other brokerages have also recently issued reports on WSP. BMO Capital Markets upped their target price on shares of WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. CIBC raised their price objective on WSP Global from C$264.00 to C$280.00 in a research note on Friday, December 13th. Scotiabank upgraded shares of WSP Global to a “strong-buy” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their target price on WSP Global from C$260.00 to C$285.00 in a research note on Friday, October 4th. Finally, Royal Bank of Canada boosted their price target on WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$271.91.

WSP Global Price Performance

Shares of WSP Global stock opened at C$246.63 on Thursday. The stock has a market cap of C$30.75 billion, a P/E ratio of 51.60, a P/E/G ratio of 1.09 and a beta of 0.82. 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’s fifty day moving average is C$250.12 and its 200 day moving average is C$239.28. WSP Global has a one year low of C$196.00 and a one year high of C$262.00.

WSP Global (TSE:WSP) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, meeting the consensus estimate of C$2.24. The business had revenue of C$3 billion for the quarter, compared to the consensus estimate of C$3 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. Sell-side analysts anticipate that WSP Global will post 9.5687404 earnings per share 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.