National Bankshares Boosts WSP Global (TSE:WSP) Price Target to C$301.00

WSP Global (TSE:WSP) had its price target increased by equities researchers at National Bankshares from C$299.00 to C$301.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 22.63% from the stock’s previous close.

A number of other equities research analysts have also recently commented on WSP. Desjardins lifted their price objective on WSP Global from C$306.00 to C$346.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Stifel Nicolaus raised their target price on WSP Global from C$317.00 to C$350.00 and gave the stock a “buy” rating in a report on Monday, October 6th. CIBC decreased their target price on WSP Global from C$349.00 to C$342.00 in a research report on Friday, November 7th. Royal Bank Of Canada lowered their price target on WSP Global from C$318.00 to C$316.00 in a research note on Friday, November 7th. Finally, Atb Cap Markets upgraded shares of WSP Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$321.92.

WSP Global Trading Up 1.6%

WSP opened at C$245.45 on Monday. The firm has a 50 day simple moving average of C$259.11 and a 200 day simple moving average of C$272.41. WSP Global has a fifty-two week low of C$217.42 and a fifty-two week high of C$291.46. The company has a market cap of C$32.06 billion, a price-to-earnings ratio of 36.74, a price-to-earnings-growth ratio of 1.09 and a beta of 0.53. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$2.82 earnings per share (EPS) for the quarter. The firm had revenue of C$4.53 billion for the quarter. WSP Global had a net margin of 4.24% and a return on equity of 9.84%. On average, sell-side analysts anticipate that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Company Profile

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).