Royal Bank of Canada Boosts WSP Global (TSE:WSP) Price Target to C$279.00

WSP Global (TSE:WSP - Get Free Report) had its price objective lifted by equities researchers at Royal Bank of Canada from C$261.00 to C$279.00 in a research note issued to investors on Friday,BayStreet.CA reports. Royal Bank of Canada's target price would indicate a potential upside of 15.65% from the stock's previous close.

Several other equities analysts also recently issued reports on WSP. Raymond James raised their price target on shares of WSP Global from C$255.00 to C$270.00 and gave the company a "strong-buy" rating in a research note on Tuesday, August 20th. Canaccord Genuity Group raised their target price on WSP Global from C$260.00 to C$275.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. CIBC upped their price target on WSP Global from C$245.00 to C$264.00 and gave the company an "outperform" rating in a research report on Tuesday, August 20th. TD Securities raised their price objective on WSP Global from C$273.00 to C$279.00 and gave the stock a "buy" rating in a research report on Tuesday, August 20th. Finally, Scotiabank upgraded WSP Global to a "strong-buy" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, WSP Global presently has an average rating of "Buy" and an average price target of C$261.67.

WSP Global Price Performance

TSE WSP traded down C$11.00 during trading on Friday, hitting C$241.25. 296,878 shares of the company's stock were exchanged, compared to its average volume of 181,232. The company has a market cap of C$30.08 billion, a PE ratio of 50.47, a P/E/G 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 has a fifty-two week low of C$180.73 and a fifty-two week high of C$259.17. The stock's 50 day moving average price is C$240.46 and its two-hundred day moving average price is C$224.05.

WSP Global (TSE:WSP - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, hitting the consensus estimate of C$2.24. The company had revenue of C$3 billion for the quarter, compared to analysts' expectations of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. Research analysts expect 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.