WSP Global (TSE:WSP) Price Target Increased to C$273.00 by Analysts at TD Securities

WSP Global (TSE:WSP) had its price target raised by investment analysts at TD Securities from C$265.00 to C$273.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 21.37% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Stifel Nicolaus raised their target price on shares of WSP Global from C$235.00 to C$250.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James lifted their price target on shares of WSP Global from C$250.00 to C$255.00 and gave the company a “strong-buy” rating in a research report on Thursday. CIBC lifted their price target on shares of WSP Global from C$239.00 to C$245.00 and gave the company an “outperform” rating in a research report on Thursday. Canaccord Genuity Group lifted their price target on shares of WSP Global from C$235.00 to C$255.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, ATB Capital lifted their target price on shares of WSP Global from C$225.00 to C$235.00 and gave the company a “sector perform” rating in a report on Thursday. 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$246.92.

WSP Global Price Performance

WSP stock traded down C$4.40 during trading on Thursday, hitting C$224.94. The stock had a trading volume of 128,251 shares, compared to its average volume of 174,164. The company has a debt-to-equity ratio of 70.90, a current ratio of 1.20 and a quick ratio of 1.04. 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 P/E ratio of 49.92, a PEG ratio of 1.09 and a beta of 0.82. The company’s 50-day moving average price is C$213.69 and its two-hundred day moving average price is C$212.24.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, May 8th. The company reported C$1.55 earnings per share for the quarter, topping 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, research analysts predict 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 company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$206.30, for a total value of C$595,099,169.00. Corporate insiders own 0.07% of the company’s stock.

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.