WSP Global (TSE:WSP) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

WSP Global (TSE:WSP) had its target price boosted by equities research analysts at Canaccord Genuity Group from C$290.00 to C$305.00 in a research report issued on Friday,BayStreet.CA reports. Canaccord Genuity Group’s target price suggests a potential upside of 18.20% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Raymond James boosted their price target on shares of WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a report on Thursday, January 30th. BMO Capital Markets upped their target price on shares of WSP Global from C$284.00 to C$294.00 in a research note on Thursday. CIBC upped their target price on shares of WSP Global from C$293.00 to C$295.00 in a research note on Friday. Royal Bank of Canada upped their target price on shares of WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. Finally, Scotiabank upped their target price on shares of WSP Global from C$281.00 to C$283.00 in a research note on Wednesday, February 19th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$284.83.

WSP Global Price Performance

Shares of WSP stock opened at C$258.04 on Friday. WSP Global has a 12-month low of C$201.24 and a 12-month high of C$264.87. The firm has a market capitalization of C$33.29 billion, a price-to-earnings ratio of 49.31, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45. The firm has a fifty day moving average of C$251.41 and a 200-day moving average of C$243.60.

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.