ATB Capital Forecasts Strong Price Appreciation for WSP Global (TSE:WSP) Stock

WSP Global (TSE:WSP) had its price target increased by equities research analysts at ATB Capital from C$305.00 to C$330.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price target points to a potential upside of 32.00% from the stock’s current price.

A number of other brokerages have also commented on WSP. TD Securities boosted their target price on WSP Global from C$328.00 to C$330.00 and gave the company a “buy” rating in a research report on Monday, October 27th. CIBC reduced their price objective on WSP Global from C$349.00 to C$342.00 in a research note on Friday, November 7th. BMO Capital Markets boosted their price objective on WSP Global from C$330.00 to C$335.00 in a report on Thursday, November 6th. National Bankshares increased their target price on WSP Global from C$299.00 to C$301.00 and gave the stock an “outperform” rating in a report on Monday, December 15th. Finally, Stifel Nicolaus lifted their price target on shares of WSP Global from C$317.00 to C$350.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$330.42.

WSP Global Trading Down 0.5%

TSE WSP opened at C$250.00 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. WSP Global has a 12 month low of C$217.42 and a 12 month high of C$291.46. The business’s 50-day moving average price is C$255.08 and its two-hundred day moving average price is C$271.18. The firm has a market capitalization of C$32.65 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 1.09 and a beta of 0.53.

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

Key WSP Global News

Here are the key news stories impacting WSP Global this week:

• Positive Sentiment: Raymond James raised its price target to C$340 and assigned a “strong‑buy” rating (about a 36% implied upside). Read More.
• Positive Sentiment: Desjardins lifted its target sharply to C$375 and kept a “buy” rating (roughly a 49% implied upside). Read More.
• Positive Sentiment: TD Securities raised its target to C$335 and maintains a “buy” rating (≈33% upside). Read More.
• Positive Sentiment: ATB Capital increased its target to C$330 and kept an “outperform” rating (≈31% upside). Read More.
• Positive Sentiment: Scotiabank bumped its target to C$318 with an “outperform” rating (≈27% upside). Read More.
• Positive Sentiment: National Bankshares raised its target to C$304 and has an “outperform” rating (≈21% upside). Read More.
• Positive Sentiment: Aggregator note: The Globe and Mail published the analyst roundup that captures these updates. Read More.

About WSP Global

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).