WSP Global (TSE:WSP) Price Target Raised to C$320.00 at Scotiabank

WSP Global (TSE:WSP) had its target price increased by research analysts at Scotiabank from C$318.00 to C$320.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 18.65% from the stock’s previous close.

Several other research firms have also recently commented on WSP. National Bankshares boosted their price objective on shares of WSP Global from C$301.00 to C$304.00 and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. Royal Bank Of Canada cut their target price on WSP Global from C$318.00 to C$316.00 in a research note on Friday, November 7th. TD Securities raised their price target on shares of WSP Global from C$330.00 to C$335.00 and gave the stock a “buy” rating in a research note on Tuesday, December 23rd. BMO Capital Markets lifted their price objective on shares of WSP Global from C$335.00 to C$338.00 in a report on Monday, January 5th. Finally, Stifel Nicolaus boosted their price objective on shares of WSP Global from C$317.00 to C$350.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to MarketBeat, WSP Global currently has a consensus rating of “Buy” and an average price target of C$330.83.

WSP Global Trading Up 0.6%

Shares of WSP Global stock traded up C$1.49 during trading on Thursday, hitting C$269.69. 168,094 shares of the company were exchanged, compared to its average volume of 321,735. The firm has a market capitalization of C$36.36 billion, a P/E ratio of 40.37, a price-to-earnings-growth ratio of 1.09 and a beta of 0.51. The firm’s fifty day moving average price is C$250.50 and its 200 day moving average price is C$269.10. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. WSP Global has a 1-year low of C$217.42 and a 1-year high of C$291.46.

WSP Global (TSE:WSP) last posted its earnings results on Wednesday, November 5th. The company reported C$2.82 earnings per share for the quarter. WSP Global had a net margin of 4.24% and a return on equity of 9.84%. The company had revenue of C$4.53 billion for the quarter. As a group, sell-side analysts expect that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

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).