WSP Global (WSP) Price Target Raised to C$61.00 at Canaccord Genuity

WSP Global (TSE:WSP) had its price objective hoisted by analysts at Canaccord Genuity from C$58.00 to C$61.00 in a note issued to investors on Thursday. Canaccord Genuity’s price objective suggests a potential downside of 0.18% from the stock’s previous close.

A number of other brokerages have also issued reports on WSP. CIBC increased their target price on WSP Global from C$57.00 to C$63.00 and gave the company a “neutral” rating in a research report on Tuesday, January 16th. Scotiabank raised their price objective on WSP Global from C$58.00 to C$62.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Raymond James Financial raised their price objective on WSP Global from C$60.00 to C$66.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Royal Bank of Canada restated an “outperform” rating and issued a C$64.00 price objective on shares of WSP Global in a report on Monday, October 23rd. Finally, TD Securities raised their price objective on WSP Global from C$59.00 to C$67.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. WSP Global currently has a consensus rating of “Buy” and an average target price of C$61.63.

Shares of WSP Global (TSE WSP) traded down C$0.01 during trading hours on Thursday, hitting C$61.11. The stock had a trading volume of 275,282 shares, compared to its average volume of 149,299. WSP Global has a 52-week low of C$44.50 and a 52-week high of C$62.59. The stock has a market cap of $6,310.00, a price-to-earnings ratio of 26.23 and a beta of 0.66.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, November 8th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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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