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WSP Global (WSP) Stock Forecast & Price Target

WSP Global logo
C$245.21 -3.64 (-1.46%)
(As of 11/27/2024 ET)

WSP Global - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
1
Buy
11

Based on 12 Wall Street analysts who have issued ratings for WSP Global in the last 12 months, the stock has a consensus rating of "Buy." Out of the 12 analysts, 1 has given a hold rating, 9 have given a buy rating, and 2 have given a strong buy rating for WSP.

Consensus Price Target

C$266.82
8.81% Upside
According to the 12 analysts' twelve-month price targets for WSP Global, the average price target is C$266.82. The highest price target for WSP is C$285.00, while the lowest price target for WSP is C$241.00. The average price target represents a forecasted upside of 8.81% from the current price of C$245.21.
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WSP Analyst Ratings Over Time

TypeCurrent Forecast
11/29/23 to 11/28/24
1 Month Ago
10/30/23 to 10/29/24
3 Months Ago
8/31/23 to 8/30/24
1 Year Ago
11/29/22 to 11/29/23
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
9 Buy rating(s)
9 Buy rating(s)
10 Buy rating(s)
8 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetC$266.82C$258.25C$254.50C$205.50
Forecasted Upside8.81% Upside2.82% Upside13.28% Upside10.23% Upside
Consensus Rating
Buy
Buy
Buy
Moderate Buy

WSP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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WSP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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WSP Global Stock vs. The Competition

TypeWSP GlobalIndustrials Companies
Consensus Rating Score
3.08
2.72
Consensus RatingBuyModerate Buy
News Sentiment Rating
Neutral News

See Recent WSP News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/8/2024BMO Capital Markets
4 of 5 stars
 Boost TargetC$257.00 ➝ C$280.00+15.14%
11/8/2024Royal Bank of Canada
4 of 5 stars
 Boost TargetC$261.00 ➝ C$279.00+14.73%
10/25/2024Scotiabank
5 of 5 stars
J. Goldman
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UpgradeStrong-Buy
10/15/2024Canaccord Genuity Group
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 Boost TargetBuyC$260.00 ➝ C$275.00+9.08%
10/4/2024Stifel Nicolaus
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 Boost TargetC$260.00 ➝ C$285.00+18.44%
8/20/2024TD Securities
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 Boost TargetBuyC$273.00 ➝ C$279.00+25.37%
8/20/2024Raymond James
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 Boost TargetStrong-BuyC$255.00 ➝ C$270.00+21.33%
8/20/2024ATB Capital
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 Boost TargetSector PerformC$235.00 ➝ C$250.00+12.34%
8/20/2024Desjardins
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 Boost TargetBuyC$249.00 ➝ C$257.00+15.48%
8/20/2024CIBC
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 Boost TargetOutperformC$245.00 ➝ C$264.00+18.63%
8/19/2024National Bankshares
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 Set TargetOutperformC$251.00 ➝ C$255.00+15.26%
3/1/2024Veritas Investment Research
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 Reiterated RatingBuy
11/9/2023Laurentian
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 Boost TargetC$203.00 ➝ C$205.00+8.49%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:01 AM ET.


Should I Buy WSP Global Stock? WSP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these WSP Global pros and cons to contact@marketbeat.com.

WSP Global
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in WSP Global Inc.:

  • WSP Global Inc. has a strong "Strong-Buy" rating from Raymond James, indicating confidence in the company's future performance and potential for growth.
  • The company reported earnings of C$2.24 per share for the latest quarter, meeting analysts' expectations, which reflects stability in its financial performance.
  • WSP Global Inc. has a current stock price of C$243.70, which is close to its 50-day moving average of C$240.46, suggesting that the stock is performing well relative to its recent history.
  • Analysts have set a consensus price target of C$266.82, indicating potential upside for investors based on current valuations.
  • The company has a solid market capitalization of C$30.39 billion, which positions it well for future investments and growth opportunities.

WSP Global
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in WSP Global Inc. for these reasons:

  • Raymond James recently lowered its FY2024 earnings estimate for WSP Global Inc. from $8.15 to $8.00 per share, which may indicate potential challenges ahead for the company.
  • The company's net margin is currently at 4.03%, which may be considered low compared to industry standards, suggesting limited profitability.
  • WSP Global Inc. has a relatively high PE ratio of 50.89, which could indicate that the stock is overvalued compared to its earnings, posing a risk for investors.
  • The company has a debt-to-equity ratio of 71.81, which suggests a higher level of debt relative to equity, potentially increasing financial risk.
  • Despite a strong performance, the stock has seen fluctuations, with a 12-month high of C$259.17 and a low of C$180.73, indicating volatility that could concern risk-averse investors.

WSP Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for WSP Global is C$266.82, with a high forecast of C$285.00 and a low forecast of C$241.00.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WSP Global in the last twelve months. There is currently 1 hold rating, 9 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WSP shares.

According to analysts, WSP Global's stock has a predicted upside of 8.81% based on their 12-month stock forecasts.

Over the previous 90 days, WSP Global's stock had 1 upgrade by analysts.

WSP Global has been rated by research analysts at BMO Capital Markets, Canaccord Genuity Group, Royal Bank of Canada, Scotiabank, and Stifel Nicolaus in the past 90 days.

Analysts like WSP Global more than other "industrials" companies. The consensus rating for WSP Global is Buy while the average consensus rating for "industrials" companies is Moderate Buy. Learn more on how WSP compares to other companies.


This page (TSE:WSP) was last updated on 11/28/2024 by MarketBeat.com Staff
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