WSP Global (TSE:WSP) Price Target Raised to C$310.00 at Raymond James

WSP Global (TSE:WSP) had its price objective boosted by equities researchers at Raymond James from C$270.00 to C$310.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ price objective points to a potential upside of 23.12% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. BMO Capital Markets raised their target price on shares of WSP Global from C$257.00 to C$280.00 in a research note on Friday, November 8th. Stifel Nicolaus boosted their price target on WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. Scotiabank raised WSP Global to a “strong-buy” rating in a research report on Friday, October 25th. Finally, CIBC boosted their target price on WSP Global from C$264.00 to C$280.00 in a report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, WSP Global currently has a consensus rating of “Buy” and an average target price of C$271.91.

WSP Global Trading Up 1.7 %

Shares of TSE:WSP traded up C$4.13 on Tuesday, hitting C$251.79. The company had a trading volume of 90,945 shares, compared to its average volume of 157,955. The firm’s 50-day simple moving average is C$247.56 and its two-hundred day simple moving average is C$237.04. The firm has a market capitalization of C$31.40 billion, a price-to-earnings ratio of 52.68, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81. WSP Global has a 1 year low of C$190.91 and a 1 year high of C$259.60.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, meeting 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 analysts’ expectations of C$3 billion. Equities analysts anticipate 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.