CIBC Boosts WSP Global (WSP) Price Target to C$63.00

WSP Global (TSE:WSP) had its price target raised by stock analysts at CIBC from C$57.00 to C$63.00 in a research note issued on Tuesday. The firm presently has a “neutral” rating on the stock. CIBC’s price target would indicate a potential upside of 3.77% from the stock’s current price.

Several other brokerages also recently commented on WSP. Canaccord Genuity lifted their target price on WSP Global from C$54.00 to C$58.00 in a research note on Monday, November 13th. Scotiabank lifted their target price on WSP Global from C$58.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Raymond James Financial lifted their target price on WSP Global from C$60.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Royal Bank of Canada reiterated an “outperform” rating and set a C$64.00 target price on shares of WSP Global in a research note on Monday, October 23rd. Finally, TD Securities lifted their target price on WSP Global from C$59.00 to C$67.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$61.25.

WSP Global (TSE:WSP) traded up C$0.22 during mid-day trading on Tuesday, reaching C$60.71. The company’s stock had a trading volume of 50,437 shares, compared to its average volume of 120,520. The company has a market capitalization of $6,310.00, a P/E ratio of 26.06 and a beta of 0.66. WSP Global has a 12-month low of C$43.56 and a 12-month high of C$60.93.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Wednesday, November 8th. The company reported C$0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.85 by C$0.03. WSP Global had a return on equity of 9.97% and a net margin of 4.44%.

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About WSP Global

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.

Analyst Recommendations for WSP Global (TSE:WSP)

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