WSP Global (TSE:WSP) Stock Price Expected to Rise, Raymond James Financial Analyst Says

WSP Global (TSE:WSP) had its target price raised by investment analysts at Raymond James Financial from C$310.00 to C$340.00 in a report released on Sunday,BayStreet.CA reports. Raymond James Financial’s target price suggests a potential upside of 34.11% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. BMO Capital Markets raised their price target on shares of WSP Global from C$330.00 to C$335.00 in a research note on Thursday, November 6th. ATB Capital upped their price target on shares of WSP Global from C$305.00 to C$330.00 and gave the stock an “outperform” rating in a report on Tuesday, December 23rd. Desjardins boosted their price objective on WSP Global from C$346.00 to C$375.00 and gave the stock a “buy” rating in a research report on Tuesday, December 23rd. Stifel Nicolaus upped 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. Finally, Royal Bank Of Canada cut their price target on WSP Global from C$318.00 to C$316.00 in a research note 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$330.67.

WSP Global Stock Performance

Shares of TSE WSP opened at C$253.52 on Friday. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. The firm has a market cap of C$34.18 billion, a price-to-earnings ratio of 37.95, a P/E/G ratio of 1.09 and a beta of 0.51. The stock’s fifty day moving average price is C$250.39 and its two-hundred day moving average price is C$269.88. WSP Global has a one year low of C$217.42 and a one year high of C$291.46.

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

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).