WSP Global (TSE:WSP) Price Target Raised to C$91.00 at Desjardins

WSP Global (TSE:WSP) had its target price raised by Desjardins from C$81.00 to C$91.00 in a research report released on Thursday, BayStreet.CA reports. Desjardins also issued estimates for WSP Global’s FY2019 earnings at $3.85 EPS, FY2020 earnings at $4.16 EPS and FY2021 earnings at $4.44 EPS.

A number of other equities research analysts have also recently issued reports on WSP. Raymond James reiterated an outperform rating and issued a C$90.00 price objective on shares of WSP Global in a report on Wednesday, November 6th. National Bank Financial upped their price objective on shares of WSP Global from C$79.00 to C$84.00 and gave the stock an outperform rating in a report on Tuesday, September 17th. Royal Bank of Canada upped their price objective on shares of WSP Global from C$87.00 to C$88.00 and gave the stock an outperform rating in a report on Friday, August 9th. BMO Capital Markets upped their price objective on shares of WSP Global from C$74.00 to C$76.00 in a report on Friday, August 9th. Finally, TD Securities upped their price objective on shares of WSP Global from C$84.00 to C$86.00 and gave the stock a buy rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. WSP Global currently has an average rating of Buy and a consensus target price of C$88.72.

Shares of TSE:WSP opened at C$86.14 on Thursday. The stock has a market capitalization of $9.10 billion and a PE ratio of 31.90. WSP Global has a 1 year low of C$56.09 and a 1 year high of C$86.98. The firm has a fifty day moving average price of C$79.42 and a 200 day moving average price of C$74.12. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 84.39.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.94 by C$0.01. The business had revenue of C$1.77 billion during the quarter, compared to the consensus estimate of C$1.71 billion. On average, sell-side analysts forecast that WSP Global will post 4.13 earnings per share for the current fiscal year.

In other news, Director Pierre Shoiry sold 307,184 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$78.00, for a total transaction of C$23,960,352.00. Following the completion of the transaction, the director now owns 632,275 shares of the company’s stock, valued at C$49,317,450.

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.

Read More: Diluted Earnings Per Share

Analyst Recommendations for WSP Global (TSE:WSP)

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