National Bankshares Forecasts Strong Price Appreciation for WSP Global (TSE:WSP) Stock

WSP Global (TSE:WSP) had its price target increased by analysts at National Bankshares from C$301.00 to C$304.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 21.60% from the company’s previous close.

A number of other equities research analysts have also issued reports on WSP. Scotiabank upped their target price on shares of WSP Global from C$306.00 to C$308.00 in a report on Friday, October 17th. BMO Capital Markets upped their price objective on shares of WSP Global from C$330.00 to C$335.00 in a research note on Thursday, November 6th. Desjardins raised their target price on shares of 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. CIBC lowered their target price on WSP Global from C$349.00 to C$342.00 in a report on Friday, November 7th. Finally, Royal Bank Of Canada cut their price target on WSP Global from C$318.00 to C$316.00 in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$330.42.

WSP Global Price Performance

Shares of WSP Global stock opened at C$250.00 on Tuesday. The stock has a market capitalization of C$32.65 billion, a P/E ratio of 37.43, a PEG ratio of 1.09 and a beta of 0.53. The business has a 50 day simple moving average of C$255.08 and a two-hundred day simple moving average of C$271.18. WSP Global has a 12 month low of C$217.42 and a 12 month high of C$291.46. 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 issued its quarterly earnings results on Wednesday, November 5th. The company reported C$2.82 EPS for the quarter. WSP Global had a return on equity of 9.84% and a net margin of 4.24%.The firm had revenue of C$4.53 billion during the quarter. As a group, analysts predict that WSP Global will post 9.5687404 EPS for the current fiscal 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).