WSP Global (TSE:WSP) Given New C$279.00 Price Target at Royal Bank of Canada

WSP Global (TSE:WSP) had its target price hoisted by analysts at Royal Bank of Canada from C$261.00 to C$279.00 in a research note issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s price objective suggests a potential upside of 14.46% from the company’s current price.

Several other brokerages have also commented on WSP. CIBC boosted their price target on shares of WSP Global from C$245.00 to C$264.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Raymond James upped their price target on shares of WSP Global from C$255.00 to C$270.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, August 20th. Canaccord Genuity Group raised their price target on shares of WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. BMO Capital Markets boosted their price objective on WSP Global from C$252.00 to C$257.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Finally, Desjardins raised their target price on WSP Global from C$249.00 to C$257.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, WSP Global has an average rating of “Buy” and a consensus price target of C$261.67.

WSP Global Stock Performance

Shares of WSP traded down C$8.49 during trading hours on Friday, hitting C$243.76. The stock had a trading volume of 161,400 shares, compared to its average volume of 180,608. The firm has a 50-day moving average price of C$240.10 and a 200 day moving average price of C$223.73. WSP Global has a fifty-two week low of C$180.73 and a fifty-two week high of C$259.17. The firm has a market capitalization of C$30.39 billion, a price-to-earnings ratio of 50.87, a PEG ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13.

WSP Global (TSE:WSP) last posted its earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$2.24. The business had revenue of C$3 billion for the quarter, compared to analyst estimates of C$3 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. As a group, research analysts anticipate that WSP Global will post 9.5687404 EPS for the current year.

About WSP Global

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.