Scotiabank Increases WSP Global (TSE:WSP) Price Target to C$233.00

WSP Global (TSE:WSPGet Free Report) had its target price raised by equities research analysts at Scotiabank from C$217.00 to C$233.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 17.97% from the stock’s current price.

WSP has been the subject of a number of other reports. CIBC upped their price target on shares of WSP Global from C$208.00 to C$234.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. Laurentian lifted their price target on WSP Global from C$203.00 to C$205.00 in a research note on Thursday, November 9th. TD Securities lifted their target price on shares of WSP Global from C$215.00 to C$220.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. ATB Capital raised their price objective on shares of WSP Global from C$200.00 to C$210.00 and gave the stock a “sector perform” rating in a research note on Friday, November 10th. Finally, BMO Capital Markets boosted their target price on shares of WSP Global from C$212.00 to C$215.00 in a research note on Monday, December 11th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$218.73.

Read Our Latest Report on WSP Global

WSP Global Price Performance

WSP stock opened at C$197.51 on Tuesday. The company has a debt-to-equity ratio of 75.80, a quick ratio of 1.04 and a current ratio of 1.09. The stock’s 50 day moving average price is C$187.87 and its 200 day moving average price is C$187.19. The firm has a market cap of C$24.62 billion, a P/E ratio of 45.61, a PEG ratio of 1.09 and a beta of 0.83. WSP Global has a 1 year low of C$164.32 and a 1 year high of C$199.60.

WSP Global (TSE:WSPGet Free Report) last released its quarterly earnings data on Wednesday, November 8th. The company reported C$1.98 earnings per share for the quarter, beating the consensus estimate of C$1.87 by C$0.11. WSP Global had a return on equity of 8.97% and a net margin of 3.78%. The business had revenue of C$2.73 billion for the quarter, compared to analyst estimates of C$2.72 billion. On average, sell-side analysts expect that WSP Global will post 7.8236233 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Guy Templeton sold 1,871 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of C$192.52, for a total value of C$360,208.66. 0.46% of the stock is currently owned by company insiders.

WSP Global Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for WSP Global (TSE:WSP)

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