WSP Global (TSE:WSP) Given a C$372.00 Price Target at Desjardins

WSP Global (TSE:WSP) received a C$372.00 price objective from investment analysts at Desjardins in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 105.29% from the stock’s previous close.

A number of other brokerages have also issued reports on WSP. Stifel Nicolaus cut their price target on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Canadian Imperial Bank of Commerce lowered their price objective on shares of WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating for the company in a research note on Wednesday, July 8th. BMO Capital Markets dropped their price objective on shares of WSP Global from C$278.00 to C$272.00 in a report on Tuesday. Scotiabank dropped their price objective on shares of WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating on the stock in a report on Friday, July 10th. Finally, Canaccord Genuity Group cut their target price on WSP Global from C$345.00 to C$315.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$300.50.

WSP Global Stock Up 4.0%

Shares of WSP stock traded up C$6.94 during trading hours on Thursday, reaching C$181.21. 327,458 shares of the company’s stock were exchanged, compared to its average volume of 504,781. WSP Global has a 1 year low of C$169.20 and a 1 year high of C$291.46. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 87.04. The stock has a market cap of C$24.43 billion, a PE ratio of 24.72, a PEG ratio of 1.09 and a beta of 0.20. The stock’s fifty day moving average price is C$185.33 and its two-hundred day moving average price is C$219.53.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 EPS for the quarter. The firm had revenue of C$4.55 billion during the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. Research analysts predict that WSP Global will post 9.5687404 EPS for the current year.

Insiders Place Their Bets

In other WSP Global news, Director Pascale Sourisse purchased 364 shares of WSP Global stock in a transaction on Wednesday, June 24th. The stock was bought at an average cost of C$172.02 per share, with a total value of C$62,615.28. Following the transaction, the director owned 888 shares of the company’s stock, valued at C$152,753.76. This represents a 69.47% increase in their position. Company insiders own 0.06% of the company’s stock.

About WSP Global

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).