WSP Global (TSE:WSP) Price Target Raised to C$252.00 at BMO Capital Markets

WSP Global (TSE:WSP) had its target price boosted by research analysts at BMO Capital Markets from C$249.00 to C$252.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 12.03% from the company’s current price.

Several other equities analysts have also recently weighed in on WSP. Royal Bank of Canada lifted their price objective on shares of WSP Global from C$237.00 to C$245.00 in a research report on Friday, May 10th. Canaccord Genuity Group lifted their price objective on WSP Global from C$235.00 to C$255.00 and gave the company a “buy” rating in a research report on Wednesday. Scotiabank upped their target price on WSP Global from C$239.00 to C$241.00 in a research report on Friday, May 10th. Finally, Stifel Nicolaus cut their price target on WSP Global from C$245.00 to C$235.00 in a research note on Friday, May 10th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, WSP Global has an average rating of “Buy” and a consensus price target of C$246.92.

WSP Global Trading Down 1.9 %

Shares of TSE:WSP traded down C$4.40 during midday trading on Thursday, reaching C$224.94. The company had a trading volume of 128,251 shares, compared to its average volume of 174,164. The company has a fifty day simple moving average of C$213.69 and a two-hundred day simple moving average of C$212.24. The firm has a market cap of C$28.05 billion, a price-to-earnings ratio of 49.92, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. WSP Global has a 1-year low of C$174.39 and a 1-year high of C$230.98. The company has a debt-to-equity ratio of 70.90, a quick ratio of 1.04 and a current ratio of 1.20.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, May 8th. The company reported C$1.55 EPS for the quarter, topping the consensus estimate of C$1.48 by C$0.07. The company had revenue of C$2.79 billion during the quarter, compared to analysts’ expectations of C$2.76 billion. WSP Global had a net margin of 3.88% and a return on equity of 9.05%. Research analysts predict that WSP Global will post 8.0954598 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total value of C$595,099,169.00. Insiders own 0.07% of the company’s stock.

About WSP Global

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.