WSP Global (WSP) Given New C$82.00 Price Target at Royal Bank of Canada

WSP Global (TSE:WSP) had its price target upped by Royal Bank of Canada from C$80.00 to C$82.00 in a note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 13.92% from the stock’s current price.

Several other brokerages also recently commented on WSP. National Bank Financial raised their target price on WSP Global from C$71.50 to C$75.00 and gave the company an “outperform” rating in a report on Friday. TD Securities raised their target price on WSP Global from C$75.00 to C$81.00 and gave the company a “buy” rating in a report on Friday. Canaccord Genuity raised their target price on WSP Global from C$70.00 to C$72.00 in a report on Friday. CIBC raised their target price on WSP Global from C$77.00 to C$81.00 in a report on Friday. Finally, Laurentian raised their target price on WSP Global from C$81.00 to C$82.50 in a report on Thursday, January 31st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$76.95.

Shares of TSE:WSP traded up C$1.48 during mid-day trading on Friday, hitting C$71.98. 93,518 shares of the company traded hands, compared to its average volume of 152,269. The company has a market cap of $7.34 billion and a P/E ratio of 31.79. The company has a debt-to-equity ratio of 34.68, a quick ratio of 1.20 and a current ratio of 1.20. WSP Global has a 52-week low of C$56.09 and a 52-week high of C$75.42.

About WSP Global

WSP Global Inc operates as a professional services company in the United States, Canada, the United Kingdom, Sweden, and internationally. The company's Property & Buildings segment provides technical and management consultancy services, such as structural and mechanical, electrical, and plumbing engineering; and a range of specialist services, including fire engineering, lighting design, vertical transportation, acoustics, intelligent building systems, audiovisual systems, information technology, facade engineering, and green building design.

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