WSP Global (TSE:WSP) Stock Price Expected to Rise, Desjardins Analyst Says

by · The Markets Daily

WSP Global (TSE:WSP – Get Free Report) had its target price boosted by equities researchers at Desjardins from C$346.00 to C$375.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 49.04% from the stock’s previous close.

Several other analysts have also commented on WSP. Scotiabank raised their price target on shares of WSP Global from C$308.00 to C$318.00 and gave the company an “outperform” rating in a research report on Tuesday. Stifel Nicolaus upped their price objective on WSP Global from C$317.00 to C$350.00 and gave the company a “buy” rating in a report on Monday, October 6th. CIBC lowered their price target on WSP Global from C$349.00 to C$342.00 in a research report on Friday, November 7th. National Bankshares upped their price target on WSP Global from C$301.00 to C$304.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, TD Securities raised their target price on WSP Global from C$330.00 to C$335.00 and gave the stock a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, WSP Global has a consensus rating of “Buy” and an average price target of C$330.42.

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WSP Global Stock Up 0.9%

TSE:WSP traded up C$2.35 during midday trading on Tuesday, reaching C$251.61. 88,827 shares of the stock traded hands, compared to its average volume of 260,816. WSP Global has a 12-month low of C$217.42 and a 12-month high of C$291.46. The stock has a market capitalization of C$32.86 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 1.09 and a beta of 0.53. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26. The business has a 50-day moving average of C$256.43 and a two-hundred day moving average of C$271.52.

WSP Global (TSE:WSP – Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$2.82 earnings per share (EPS) for the quarter. WSP Global had a net margin of 4.24% and a return on equity of 9.84%. The firm had revenue of C$4.53 billion for the quarter. On average, equities analysts forecast that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Company Profile

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WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).

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