Raymond James Financial Boosts WSP Global (TSE:WSP) Price Target to C$340.00

WSP Global (TSE:WSP) had its price objective increased by analysts at Raymond James Financial from C$310.00 to C$340.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James Financial’s target price would suggest a potential upside of 36.00% from the stock’s current price.

Several other research analysts have also issued reports on the company. TD Securities increased their price objective on WSP Global from C$330.00 to C$335.00 and gave the stock a “buy” rating in a research note on Tuesday. 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 report on Monday, October 6th. Royal Bank Of Canada decreased their price objective on shares of WSP Global from C$318.00 to C$316.00 in a research note on Friday, November 7th. Atb Cap Markets upgraded shares of WSP Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, ATB Capital increased their price target on WSP Global from C$305.00 to C$330.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$330.42.

WSP Global Stock Performance

TSE:WSP opened at C$250.00 on Tuesday. 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. The company has a quick ratio of 1.04, a current ratio of 1.26 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 firm has a 50-day moving average price of C$255.08 and a 200 day moving average price of C$271.18.

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

WSP Global News Roundup

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).