Canaccord Genuity Group Raises WSP Global (TSE:WSP) Price Target to C$275.00

WSP Global (TSE:WSP - Get Free Report) had its price target raised by stock analysts at Canaccord Genuity Group from C$260.00 to C$275.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target points to a potential upside of 10.04% from the stock's previous close.

Several other research analysts have also commented on the stock. Raymond James lifted their price objective on shares of WSP Global from C$255.00 to C$270.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, August 20th. TD Securities boosted their target price on WSP Global from C$273.00 to C$279.00 and gave the company a "buy" rating in a research report on Tuesday, August 20th. Royal Bank of Canada increased their price target on WSP Global from C$252.00 to C$261.00 and gave the stock an "outperform" rating in a report on Tuesday, August 20th. Desjardins boosted their price objective on WSP Global from C$249.00 to C$257.00 and gave the company a "buy" rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets upped their price objective on WSP Global from C$252.00 to C$257.00 and gave the company an "outperform" rating in a research report on Tuesday, August 20th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$258.25.

WSP Global Price Performance

Shares of TSE WSP traded up C$0.74 during mid-day trading on Tuesday, reaching C$249.91. The company's stock had a trading volume of 231,884 shares, compared to its average volume of 178,262. The stock has a fifty day moving average of C$229.97 and a two-hundred day moving average of C$219.61. The firm has a market capitalization of C$31.16 billion, a PE ratio of 52.28, a P/E/G ratio of 1.09 and a beta of 0.82. WSP Global has a 52 week low of C$174.39 and a 52 week high of C$253.45. 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 (TSE:WSP - Get Free Report) last issued its earnings results on Tuesday, July 30th. The company reported C$1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.90 by C($0.01). WSP Global had a return on equity of 9.40% and a net margin of 4.03%. The firm had revenue of C$2.99 billion during the quarter, compared to the consensus estimate of C$2.93 billion. As a group, sell-side analysts anticipate 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.