WSP Global (TSE:WSP - Get Free Report) had its price target cut by research analysts at CIBC from C$280.00 to C$278.00 in a research report issued on Monday,BayStreet.CA reports. CIBC's price objective suggests a potential upside of 10.46% from the company's previous close.
A number of other brokerages also recently weighed in on WSP. Scotiabank raised WSP Global to a "strong-buy" rating in a research note on Friday, October 25th. Raymond James boosted their price objective on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 30th. Canaccord Genuity Group increased their price objective on WSP Global from C$260.00 to C$275.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. BMO Capital Markets upped their target price on WSP Global from C$257.00 to C$280.00 in a research note on Friday, November 8th. Finally, Royal Bank of Canada increased their target price on WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, WSP Global has a consensus rating of "Buy" and an average target price of C$271.73.
Check Out Our Latest Analysis on WSP Global
WSP Global Stock Up 0.8 %
TSE WSP traded up C$2.08 during trading on Monday, reaching C$251.68. The company's stock had a trading volume of 125,636 shares, compared to its average volume of 177,399. The business has a 50-day moving average price of C$250.07 and a 200-day moving average price of C$239.83. WSP Global has a 1-year low of C$196.00 and a 1-year high of C$262.00. The stock has a market capitalization of C$31.38 billion, a PE ratio of 52.65, a PEG ratio of 1.09 and a beta of 0.82. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81.
WSP Global (TSE:WSP - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported C$2.24 EPS for the quarter, hitting the consensus estimate of C$2.24. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The firm had revenue of C$3 billion for the quarter, compared to the consensus estimate of C$3 billion. On average, research analysts forecast that WSP Global will post 9.5687404 earnings per share for the current fiscal year.
About WSP Global
(
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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.
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