WSP Global (TSE:WSP) Given New C$310.00 Price Target at Raymond James

WSP Global (TSE:WSP) had its price target raised by research analysts at Raymond James from C$270.00 to C$310.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James’ price target suggests a potential upside of 21.57% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group lifted their target price on WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. CIBC boosted their price target on shares of WSP Global from C$264.00 to C$280.00 in a research note on Friday, December 13th. BMO Capital Markets lifted their target price on shares of WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. Stifel Nicolaus raised their price target on WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. Finally, Royal Bank of Canada boosted their price objective on WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$271.91.

WSP Global Price Performance

Shares of WSP Global stock traded up C$1.69 on Thursday, hitting C$254.99. 47,173 shares of the company were exchanged, compared to its average volume of 162,858. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81. The company has a 50-day moving average price of C$249.84 and a 200 day moving average price of C$238.82. The stock has a market capitalization of C$31.79 billion, a price-to-earnings ratio of 53.35, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. WSP Global has a 1-year low of C$196.00 and a 1-year high of C$262.00.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$2.24 EPS for the quarter, hitting the consensus estimate of C$2.24. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. The business had revenue of C$3 billion for the quarter, compared to analyst estimates of C$3 billion. As a group, sell-side analysts predict that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

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.