WSP Global (TSE:WSP) Price Target Raised to C$279.00 at Royal Bank of Canada

WSP Global (TSE:WSP) had its target price lifted by equities research analysts at Royal Bank of Canada from C$261.00 to C$279.00 in a report issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential upside of 14.46% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Scotiabank upgraded shares of WSP Global to a “strong-buy” rating in a report on Friday, October 25th. Desjardins increased their price target on WSP Global from C$249.00 to C$257.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. BMO Capital Markets boosted their price objective on WSP Global from C$252.00 to C$257.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. TD Securities upped their price target on shares of WSP Global from C$273.00 to C$279.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, Stifel Nicolaus raised their target price on shares of WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$261.67.

WSP Global Trading Down 3.4 %

WSP traded down C$8.49 on Friday, hitting C$243.76. The company had a trading volume of 161,400 shares, compared to its average volume of 180,608. The business’s fifty day simple moving average is C$240.10 and its 200 day simple moving average is C$223.73. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81. WSP Global has a 12-month low of C$180.73 and a 12-month high of C$259.17. The company has a market cap of C$30.39 billion, a PE ratio of 50.87, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, meeting the consensus estimate of C$2.24. The firm had revenue of C$3 billion for the quarter, compared to the consensus estimate of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. Equities research analysts expect that WSP Global will post 9.5687404 EPS for the current year.

WSP Global Company Profile

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.