WSP Global (TSE:WSP) Price Target Increased to C$95.00 by Analysts at Scotiabank

WSP Global (TSE:WSP) had its target price lifted by Scotiabank from C$85.00 to C$95.00 in a research report report published on Wednesday, BayStreet.CA reports.

WSP has been the topic of several other research reports. Raymond James reaffirmed an outperform rating and issued a C$90.00 price target on shares of WSP Global in a research note on Wednesday, November 6th. CIBC raised their price target on shares of WSP Global from C$84.00 to C$89.00 in a research note on Thursday, November 7th. Desjardins raised their price target on shares of WSP Global from C$81.00 to C$91.00 in a research note on Thursday, November 7th. TD Securities raised their price target on shares of WSP Global from C$86.00 to C$97.00 and gave the stock a buy rating in a research note on Thursday, November 7th. Finally, Canaccord Genuity raised their price target on shares of WSP Global from C$88.00 to C$95.00 in a research note on Monday. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of C$92.15.

Shares of TSE:WSP traded down C$0.13 during midday trading on Wednesday, reaching C$93.97. 96,165 shares of the company were exchanged, compared to its average volume of 176,732. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 77.45. The business’s fifty day moving average is C$89.04 and its two-hundred day moving average is C$79.77. WSP Global has a one year low of C$62.56 and a one year high of C$95.19. The stock has a market cap of $9.92 billion and a PE ratio of 34.27.

WSP Global (TSE:WSP) last issued its earnings results on Tuesday, November 5th. The company reported C$0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.11 by C($0.16). The company had revenue of C$2.22 billion for the quarter, compared to analysts’ expectations of C$1.72 billion. As a group, sell-side analysts expect that WSP Global will post 4.07 EPS for the current year.

In other news, Director Birgit Norgaard purchased 1,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average price of C$86.10 per share, with a total value of C$86,100.00. Following the acquisition, the director now directly owns 4,000 shares in the company, valued at approximately C$344,400. Also, Senior Officer David Langlois sold 2,217 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$85.68, for a total value of C$189,943.91. Following the completion of the transaction, the insider now directly owns 1,548 shares of the company’s stock, valued at approximately C$132,626.60.

About WSP Global

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, Asia, New Zealand, and internationally. The company advises, plans, designs, and manages projects for rail transit, aviation, highway, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and partners.

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Analyst Recommendations for WSP Global (TSE:WSP)

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