Stifel Nicolaus Increases WSP Global (TSE:WSP) Price Target to C$250.00

WSP Global (TSE:WSP) had its price target increased by investment analysts at Stifel Nicolaus from C$235.00 to C$250.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 11.14% from the stock’s previous close.

WSP has been the subject of a number of other reports. Canaccord Genuity Group boosted their target price on shares of WSP Global from C$235.00 to C$255.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada lifted their target price on WSP Global from C$237.00 to C$245.00 in a report on Friday, May 10th. ATB Capital boosted their target price on WSP Global from C$225.00 to C$235.00 and gave the company a “sector perform” rating in a research note on Thursday. BMO Capital Markets raised their target price on shares of WSP Global from C$249.00 to C$252.00 in a research note on Thursday. Finally, Scotiabank raised their price target on WSP Global from C$239.00 to C$241.00 in a report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$246.92.

WSP Global Stock Performance

WSP stock traded down C$4.40 during midday trading on Thursday, hitting C$224.94. 128,251 shares of the company traded hands, compared to its average volume of 174,164. The business has a 50 day simple moving average of C$213.69 and a 200-day simple moving average of C$212.24. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 70.90. WSP Global has a twelve month low of C$174.39 and a twelve month high of C$230.98. The stock has a market capitalization of C$28.05 billion, a price-to-earnings ratio of 49.92, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP) last posted its earnings results on Wednesday, May 8th. The company reported C$1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. As a group, equities research analysts predict that WSP Global will post 8.0954598 earnings per share for the current year.

Insider Activity at WSP Global

In related news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of WSP Global stock in a transaction on Wednesday, May 15th. The shares were 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 owned by company 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.