Desjardins Increases WSP Global (TSE:WSP) Price Target to C$346.00

by · The Markets Daily

WSP Global (TSE:WSP – Get Free Report) had its target price raised by stock analysts at Desjardins from C$306.00 to C$346.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 43.31% from the stock’s current price.

A number of other brokerages have also weighed in on WSP. TD Securities raised their price objective on shares of WSP Global from C$328.00 to C$330.00 and gave the company a “buy” rating in a report on Monday, October 27th. Royal Bank Of Canada dropped their target price on WSP Global from C$318.00 to C$316.00 in a report on Friday, November 7th. National Bankshares lifted their price target on WSP Global from C$297.00 to C$299.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. ATB Capital raised WSP Global from a “sector perform” rating to an “outperform” rating and set a C$305.00 target price on the stock in a research report on Friday, November 7th. Finally, Stifel Nicolaus boosted their target price on WSP Global from C$317.00 to C$350.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat.com, WSP Global has an average rating of “Buy” and an average target price of C$321.75.

Read Our Latest Report on WSP Global

WSP Global Stock Down 0.2%

WSP traded down C$0.60 on Friday, hitting C$241.43. 137,581 shares of the company were exchanged, compared to its average volume of 254,995. The firm has a 50-day moving average price of C$261.12 and a two-hundred day moving average price of C$273.33. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The company has a market cap of C$31.53 billion, a price-to-earnings ratio of 36.14, a price-to-earnings-growth ratio of 1.09 and a beta of 0.53. WSP Global has a twelve month low of C$217.42 and a twelve month high of C$291.46.

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