WSP Global (TSE:WSP) Stock Price Expected to Rise, CIBC Analyst Says

WSP Global (TSE:WSP) had its target price boosted by equities researchers at CIBC from C$264.00 to C$280.00 in a research report issued on Friday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 11.73% from the company’s previous close.

WSP has been the subject of several other reports. National Bankshares set a C$255.00 target price on WSP Global and gave the company an “outperform” rating in a report on Monday, August 19th. ATB Capital raised their target price on 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. Raymond James raised their target price on WSP Global from C$255.00 to C$270.00 and gave the company a “strong-buy” rating in a report on Tuesday, August 20th. BMO Capital Markets raised their price target on WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. Finally, TD Securities raised their price target on 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. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, WSP Global has a consensus rating of “Buy” and a consensus price target of C$268.27.

WSP Global Stock Performance

WSP stock traded down C$1.85 on Friday, reaching C$250.61. The company’s stock had a trading volume of 60,801 shares, compared to its average volume of 189,442. WSP Global has a 52 week low of C$180.73 and a 52 week high of C$259.60. The company has a market capitalization of C$31.25 billion, a P/E ratio of 52.49, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The firm has a fifty day moving average of C$247.00 and a two-hundred day moving average of C$229.20. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04.

WSP Global (TSE:WSP) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$2.24. The firm had revenue of C$3 billion during the quarter, compared to analyst estimates of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. As a group, analysts predict that WSP Global will post 9.5687404 EPS 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.