WSP Global (TSE:WSP) Price Target Increased to C$275.00 by Analysts at Canaccord Genuity Group

WSP Global (TSE:WSP) had its target price lifted by investment analysts at Canaccord Genuity Group from C$260.00 to C$275.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 9.19% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. National Bankshares set a C$255.00 price objective on shares of WSP Global and gave the stock an “outperform” rating in a research report on Monday, August 19th. Stifel Nicolaus increased their target price on shares of WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. TD Securities increased their target price on shares of WSP Global from C$273.00 to C$279.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. ATB Capital lifted their target price on shares of WSP Global from C$235.00 to C$250.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Desjardins raised their price objective on shares of WSP Global from C$249.00 to C$257.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$258.25.

WSP Global Price Performance

WSP Global stock traded up C$2.69 during mid-day trading on Tuesday, hitting C$251.86. The stock had a trading volume of 82,521 shares, compared to its average volume of 177,511. The firm has a market capitalization of C$31.40 billion, a P/E ratio of 52.74, a P/E/G 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 firm’s 50 day moving average is C$229.97 and its 200 day moving average is C$219.61. WSP Global has a one year low of C$174.39 and a one year high of C$253.45.

WSP Global (TSE:WSP) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.90 by C($0.01). The business had revenue of C$2.99 billion for the quarter, compared to the consensus estimate of C$2.93 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. On average, sell-side analysts forecast that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

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.