WSP Global (WSP) PT Raised to C$84.00

WSP Global (TSE:WSP) had its target price increased by TD Securities from C$81.00 to C$84.00 in a research note published on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on WSP. CIBC raised shares of WSP Global from a neutral rating to an outperform rating and increased their price objective for the company from C$70.00 to C$75.00 in a research note on Tuesday, January 15th. BMO Capital Markets lowered their price objective on shares of WSP Global from C$74.00 to C$72.00 and set a market perform rating on the stock in a research note on Thursday, January 31st. Laurentian upped their target price on shares of WSP Global from C$81.00 to C$82.50 in a report on Thursday, January 31st. Desjardins upgraded shares of WSP Global from a hold rating to a buy rating in a report on Thursday, January 31st. Finally, Canaccord Genuity upped their target price on shares of WSP Global from C$70.00 to C$72.00 in a report on Friday, March 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of C$78.72.

TSE WSP traded up C$1.12 during trading hours on Wednesday, reaching C$73.78. The company’s stock had a trading volume of 30,304 shares, compared to its average volume of 156,216. The stock has a market cap of $7.59 billion and a price-to-earnings ratio of 30.84. WSP Global has a fifty-two week low of C$56.09 and a fifty-two week high of C$75.42. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 46.77.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Thursday, March 14th. The company reported C$0.57 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.87 by C($0.30). The company had revenue of C$1.54 billion for the quarter, compared to analysts’ expectations of C$1.52 billion. As a group, research analysts expect that WSP Global will post 4.16999976899487 earnings per share for the current year.

About WSP Global

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, Asia, New Zealand, and internationally. The company advises, plans, designs, and manages projects for rail transit, aviation, highway, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and partners.

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Analyst Recommendations for WSP Global (TSE:WSP)

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