WSP Global (TSE:WSP) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

WSP Global (TSE:WSP) had its price objective boosted by research analysts at BMO Capital Markets from C$257.00 to C$280.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 16.06% from the company’s current price.

A number of other analysts have also recently issued reports on the company. Desjardins raised their price objective 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. CIBC raised their price target on WSP Global from C$245.00 to C$264.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Canaccord Genuity Group upped their price objective on shares of WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. ATB Capital increased their price objective on shares of WSP Global from C$235.00 to C$250.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Raymond James lifted their target price on shares of WSP Global from C$255.00 to C$270.00 and gave the stock a “strong-buy” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$266.82.

WSP Global Price Performance

Shares of WSP opened at C$241.25 on Friday. The company has a market cap of C$30.08 billion, a price-to-earnings ratio of 50.47, a PEG ratio of 1.09 and a beta of 0.82. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81. The company’s fifty day simple moving average is C$240.46 and its 200 day simple moving average is C$224.05. WSP Global has a 1-year low of C$180.73 and a 1-year high of C$259.17.

WSP Global (TSE:WSP) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, hitting the consensus estimate of C$2.24. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The company had revenue of C$3 billion for the quarter, compared to analyst estimates of C$3 billion. On average, research analysts forecast that WSP Global will post 9.5687404 earnings per share 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.