WSP Global (TSE:WSP) Given New C$255.00 Price Target at Canaccord Genuity Group

WSP Global (TSE:WSP) had its price target upped by investment analysts at Canaccord Genuity Group from C$235.00 to C$255.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 12.14% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus lowered their price target on shares of WSP Global from C$245.00 to C$235.00 in a report on Friday, May 10th. Scotiabank boosted their price target on WSP Global from C$239.00 to C$241.00 in a report on Friday, May 10th. Royal Bank of Canada increased their target price on WSP Global from C$237.00 to C$245.00 in a research report on Friday, May 10th. Finally, BMO Capital Markets lifted their price target on shares of WSP Global from C$248.00 to C$249.00 in a research note on Wednesday, July 24th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$238.83.

WSP Global Trading Up 0.4 %

TSE WSP traded up C$0.88 during trading hours on Wednesday, hitting C$227.39. 45,451 shares of the company’s stock were exchanged, compared to its average volume of 173,536. The stock has a 50-day simple moving average of C$213.26 and a 200 day simple moving average of C$211.96. WSP Global has a 1-year low of C$174.39 and a 1-year high of C$230.98. The firm has a market cap of C$28.35 billion, a price-to-earnings ratio of 50.57, a PEG ratio of 1.09 and a beta of 0.82. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 70.90.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$1.55 EPS for the quarter, topping the consensus estimate of C$1.48 by C$0.07. WSP Global had a net margin of 3.88% and a return on equity of 9.05%. The business had revenue of C$2.79 billion for the quarter, compared to analyst estimates of C$2.76 billion. On average, equities analysts forecast that WSP Global will post 8.0954598 EPS for the current fiscal year.

Insider Activity

In other news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total transaction of C$595,099,169.00. 0.07% of the stock is currently owned by corporate insiders.

WSP Global Company Profile

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.