Canadian Imperial Bank of Commerce Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its target price raised by research analysts at Canadian Imperial Bank of Commerce from C$342.00 to C$343.00 in a research report issued on Monday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price would indicate a potential upside of 46.40% from the stock’s previous close.

Several other brokerages have also commented on WSP. ATB Cormark Capital Markets lowered WSP Global from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, February 20th. BMO Capital Markets lifted their price target on shares of WSP Global from C$335.00 to C$338.00 in a research note on Monday, January 5th. Royal Bank Of Canada boosted their price target on shares of WSP Global from C$316.00 to C$325.00 in a report on Friday. TD Securities reduced their price objective on shares of WSP Global from C$335.00 to C$311.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Finally, Stifel Nicolaus dropped their target price on shares of WSP Global from C$360.00 to C$320.00 and set a “buy” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat.com, WSP Global presently has an average rating of “Buy” and a consensus target price of C$324.58.

WSP Global Stock Performance

Shares of TSE:WSP traded up C$3.22 during trading on Monday, hitting C$234.29. The stock had a trading volume of 450,407 shares, compared to its average volume of 486,449. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45. WSP Global has a 12-month low of C$213.18 and a 12-month high of C$291.46. The stock has a market capitalization of C$31.58 billion, a price-to-earnings ratio of 35.07, a price-to-earnings-growth ratio of 1.09 and a beta of 0.47. The stock has a 50-day simple moving average of C$252.36 and a two-hundred day simple moving average of C$262.18.

WSP Global Company Profile

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).