WSP Global (TSE:WSP) Price Target Raised to C$295.00 at CIBC

WSP Global (TSE:WSP - Get Free Report) had its price objective increased by CIBC from C$293.00 to C$295.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC's target price would indicate a potential upside of 14.32% from the company's current price.

Several other research firms have also recently commented on WSP. Stifel Nicolaus raised their target price on shares of WSP Global from C$295.00 to C$310.00 in a research note on Tuesday, February 18th. Scotiabank raised their target price on shares of WSP Global from C$281.00 to C$283.00 in a research note on Wednesday, February 19th. TD Securities raised their target price on shares of WSP Global from C$300.00 to C$305.00 and gave the company a "buy" rating in a research note on Friday, February 14th. BMO Capital Markets lifted their price objective on shares of WSP Global from C$284.00 to C$294.00 in a research note on Thursday. Finally, Raymond James lifted 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. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$284.83.

WSP Global Stock Performance

TSE:WSP traded up C$2.99 during mid-day trading on Friday, hitting C$258.04. The stock had a trading volume of 726,813 shares, compared to its average volume of 223,210. The stock has a market capitalization of C$33.29 billion, a price-to-earnings ratio of 49.31, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a 50 day simple moving average of C$251.41 and a 200-day simple moving average of C$243.82. WSP Global has a 52 week low of C$201.24 and a 52 week high of C$264.87. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45.

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.