CIBC Raises WSP Global (TSE:WSP) Price Target to C$295.00

WSP Global (TSE:WSP) had its price target increased by research analysts at CIBC from C$293.00 to C$295.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 14.19% from the company’s previous close.

A number of other research firms have also recently commented on WSP. Scotiabank increased their price target on shares of WSP Global from C$281.00 to C$283.00 in a report on Wednesday, February 19th. Stifel Nicolaus upped their price target on WSP Global from C$295.00 to C$310.00 in a report on Tuesday, February 18th. BMO Capital Markets lifted their price objective on WSP Global from C$284.00 to C$294.00 in a report on Thursday. Raymond James increased their price objective 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. Finally, Royal Bank of Canada lifted their price objective on WSP Global from C$261.00 to C$279.00 in a 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 assigned a strong buy rating to the company. Based on data from MarketBeat, WSP Global has a consensus rating of “Buy” and an average price target of C$284.83.

WSP Global Stock Performance

Shares of WSP stock traded up C$3.29 on Friday, hitting C$258.34. 129,182 shares of the stock were exchanged, compared to its average volume of 208,392. The firm’s 50 day moving average is C$251.26 and its two-hundred day moving average is C$243.30. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. WSP Global has a one year low of C$201.24 and a one year high of C$264.87. The firm has a market capitalization of C$33.33 billion, a PE ratio of 49.37, a P/E/G ratio of 1.09 and a beta of 0.82.

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.