WSP Global Inc (WSP) Receives Outperform Rating from Royal Bank Of Canada
WSP Global Inc (TSE:WSP)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank Of Canada in a research report issued on Monday. They presently have a C$64.00 price target on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 17.00% from the company’s previous close.
Several other research firms also recently weighed in on WSP. CIBC raised their price objective on WSP Global from C$51.00 to C$54.00 in a report on Monday, July 10th. Canaccord Genuity downgraded WSP Global from a “buy” rating to a “hold” rating in a report on Monday, July 17th. National Bank Financial downgraded WSP Global from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Wednesday, July 12th. Raymond James Financial, Inc. raised their price objective on WSP Global from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Wednesday, August 16th. Finally, TD Securities raised their price objective on WSP Global from C$58.00 to C$59.00 and gave the company a “buy” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$56.71.
WSP Global (TSE:WSP) traded up 2.72% during trading on Monday, reaching $54.70. The company’s stock had a trading volume of 237,472 shares. The stock has a market cap of $5.62 billion and a P/E ratio of 24.35. The company’s 50 day moving average price is $52.04 and its 200-day moving average price is $50.97. WSP Global has a 1-year low of $40.57 and a 1-year high of $55.85.
TRADEMARK VIOLATION NOTICE: “WSP Global Inc (WSP) Receives Outperform Rating from Royal Bank Of Canada” was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/23/royal-bank-of-canada-analysts-give-wsp-global-inc-wsp-a-c64-00-price-target.html.
In related news, Director Louis-Philippe Carrière bought 600 shares of the business’s stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of C$50.18 per share, with a total value of C$30,108.00. Also, Director Suzanne Rancourt bought 1,000 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were bought at an average cost of C$50.00 per share, for a total transaction of C$50,000.00.
WSP Global Company Profile
Wsp Global Inc is a Canada-based professional services company. The Company’s segments are Canada, Americas, EMEIA (Europe, Middle East, India and Africa) and APAC (Asia Pacific, including primarily Asia and Australia). It offers services in project delivery and consulting. It offers various project services throughout the project execution phases.
Receive News & Ratings for WSP Global Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSP Global Inc and related companies with MarketBeat.com's FREE daily email newsletter.