Scotiabank Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price target raised by equities researchers at Scotiabank from C$279.00 to C$281.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 9.12% from the stock’s previous close.

WSP has been the subject of a number of other reports. Canaccord Genuity Group raised their price target on WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. CIBC dropped their target price on WSP Global from C$280.00 to C$278.00 in a research report on Monday, February 3rd. Raymond James increased their target price on shares of WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 30th. BMO Capital Markets upped their price objective on shares of WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada lifted their price target on WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$275.36.

WSP Global Price Performance

WSP Global stock traded up C$5.99 during mid-day trading on Monday, reaching C$257.52. 79,241 shares of the company’s stock traded hands, compared to its average volume of 176,333. WSP Global has a 12-month low of C$196.00 and a 12-month high of C$262.00. The company has a market cap of C$32.11 billion, a price-to-earnings ratio of 53.87, a PEG ratio of 1.09 and a beta of 0.82. The stock has a 50 day moving average of C$250.30 and a two-hundred day moving average of C$240.51. 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 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.