WSP Global (TSE:WSP) PT Set at C$372.00 by Desjardins

WSP Global (TSE:WSP) has been assigned a C$372.00 target price by analysts at Desjardins in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 105.13% from the stock’s previous close.

A number of other research firms have also recently issued reports on WSP. TD decreased their price target on shares of WSP Global from C$308.00 to C$307.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Scotiabank dropped their price objective on shares of WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating on the stock in a report on Friday, July 10th. Canadian Imperial Bank of Commerce cut their target price on WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a research report on Wednesday, July 8th. BMO Capital Markets reduced their target price on WSP Global from C$278.00 to C$272.00 in a research note on Tuesday. Finally, Canaccord Genuity Group lowered their price target on WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat, WSP Global currently has a consensus rating of “Buy” and an average price target of C$300.50.

WSP Global Stock Performance

Shares of WSP Global stock opened at C$181.35 on Thursday. The firm has a market capitalization of C$24.45 billion, a P/E ratio of 24.74, a PEG ratio of 1.09 and a beta of 0.20. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 87.04. The company has a 50 day moving average price of C$183.83 and a 200 day moving average price of C$218.79. WSP Global has a 52 week low of C$169.20 and a 52 week high of C$291.46.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, May 6th. The company reported C$2.21 EPS for the quarter. The company had revenue of C$4.55 billion during the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. Sell-side analysts expect that WSP Global will post 9.5687404 EPS for the current year.

Insider Buying and Selling

In other WSP Global news, Director Pascale Sourisse acquired 364 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was acquired at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the purchase, the director owned 888 shares in the company, valued at approximately C$152,753.76. The trade was a 69.47% increase in their position. Insiders own 0.06% of the company’s stock.

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).