WSP Global (TSE:WSP) Price Target Raised to C$343.00

WSP Global (TSE:WSP) had its price objective lifted by Canadian Imperial Bank of Commerce from C$342.00 to C$343.00 in a research note issued to investors on Monday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price would indicate a potential upside of 46.40% from the company’s current price.

A number of other research firms have also recently commented on WSP. Scotiabank cut their price target on shares of WSP Global from C$320.00 to C$284.00 and set an “outperform” rating on the stock in a report on Friday. National Bank Financial upped their price target on WSP Global from C$304.00 to C$309.00 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets lifted their price objective on WSP Global from C$335.00 to C$338.00 in a report on Monday, January 5th. TD Securities dropped their price target on shares of WSP Global from C$335.00 to C$311.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Finally, Raymond James Financial boosted their price objective on shares of WSP Global from C$310.00 to C$340.00 in a report on Sunday, January 4th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$324.58.

WSP Global Stock Up 1.4%

WSP stock traded up C$3.22 during midday trading on Monday, hitting C$234.29. The stock had a trading volume of 450,407 shares, compared to its average volume of 486,449. The business has a 50-day moving average of C$252.36 and a two-hundred day moving average of C$262.18. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. The firm has a market cap of C$31.58 billion, a price-to-earnings ratio of 35.07, a price-to-earnings-growth ratio of 1.09 and a beta of 0.47. WSP Global has a 52-week low of C$213.18 and a 52-week high of C$291.46.

WSP Global Company Profile

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).