WSP Global (TSE:WSP) Price Target Raised to C$280.00 at CIBC

WSP Global (TSE:WSP - Get Free Report) had its price objective lifted by research analysts at CIBC from C$264.00 to C$280.00 in a research report issued on Friday,BayStreet.CA reports. CIBC's price objective suggests a potential upside of 11.71% from the stock's previous close.

A number of other equities analysts have also issued reports on the company. Canaccord Genuity Group raised their price target on WSP Global from C$260.00 to C$275.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. BMO Capital Markets lifted their price objective on WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. Stifel Nicolaus lifted their price objective on WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. TD Securities boosted their price target on WSP Global from C$273.00 to C$279.00 and gave the company a "buy" rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada boosted their price objective on shares of WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$268.27.

WSP Global Price Performance

Shares of WSP Global stock traded down C$1.82 on Friday, hitting C$250.64. 201,800 shares of the company were exchanged, compared to its average volume of 190,043. The stock has a market capitalization of C$31.25 billion, a price-to-earnings ratio of 52.44, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a 50-day moving average price of C$247.25 and a 200 day moving average price of C$229.65. WSP Global has a 1-year low of C$180.73 and a 1-year high of C$259.60. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81.

WSP Global (TSE:WSP - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$2.24 EPS for the quarter, hitting analysts' consensus estimates of C$2.24. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. The company had revenue of C$3 billion for the quarter, compared to analysts' expectations of C$3 billion. As a group, sell-side analysts predict that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Company Profile

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.