Raymond James Forecasts Strong Price Appreciation for WSP Global (TSE:WSP) Stock

WSP Global (TSE:WSP) had its price target upped by analysts at Raymond James from C$270.00 to C$310.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ price objective points to a potential upside of 21.57% from the stock’s current price.

A number of other research analysts have also recently commented on WSP. Royal Bank of Canada upped their price target on shares of WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th. BMO Capital Markets lifted their price objective on WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. Canaccord Genuity Group increased their target price on shares of WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. CIBC upped their price target on shares of WSP Global from C$264.00 to C$280.00 in a research report on Friday, December 13th. Finally, Scotiabank raised shares of WSP Global to a “strong-buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, WSP Global presently has a consensus rating of “Buy” and an average target price of C$271.91.

WSP Global Trading Up 0.7 %

Shares of WSP traded up C$1.69 during midday trading on Thursday, hitting C$254.99. The stock had a trading volume of 47,173 shares, compared to its average volume of 162,858. The stock’s 50 day moving average is C$249.84 and its 200 day moving average is C$238.82. The firm has a market cap of C$31.79 billion, a PE ratio of 53.35, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04. WSP Global has a 1 year low of C$196.00 and a 1 year high of C$262.00.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, hitting analysts’ consensus estimates of C$2.24. The company 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, analysts forecast that WSP Global will post 9.5687404 EPS for the current fiscal 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.