Scotiabank Raises WSP Global (TSE:WSP) Price Target to C$320.00

WSP Global (TSE:WSP) had its target price boosted by equities research analysts at Scotiabank from C$318.00 to C$320.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 18.54% from the stock’s current price.

Several other analysts also recently commented on WSP. Royal Bank Of Canada cut their target price on WSP Global from C$318.00 to C$316.00 in a research note on Friday, November 7th. Desjardins boosted their target price 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 raised 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. Raymond James Financial boosted their price objective on shares of WSP Global from C$310.00 to C$340.00 in a report on Sunday, January 4th. Finally, National Bankshares increased their price objective on shares of WSP Global from C$301.00 to C$304.00 and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. 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 presently has a consensus rating of “Buy” and an average price target of C$330.83.

WSP Global Price Performance

WSP opened at C$269.94 on Thursday. The firm has a market cap of C$36.39 billion, a PE ratio of 40.41, a P/E/G ratio of 1.09 and a beta of 0.51. The stock has a 50-day moving average price of C$251.14 and a 200-day moving average price of C$269.03. WSP Global has a 1 year low of C$217.42 and a 1 year 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 released its quarterly earnings data on Wednesday, November 5th. The company reported C$2.82 earnings per share 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 during the quarter. Sell-side analysts predict that WSP Global will post 9.5687404 earnings per share for the current fiscal 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).