ATB Capital Forecasts Strong Price Appreciation for WSP Global (TSE:WSP) Stock

Key Points

• ATB Capital raised its price target for WSP Global from C$270.00 to C$305.00, indicating an 8.38% potential upside based on the current stock price.
• Other analysts also increased their price targets, with Canaccord Genuity Group raising theirs to C$335.00 and TD Securities to C$307.00, reflecting a consensus rating of "Buy".
• WSP Global's shares recently traded up 2.5% to C$281.42, with an overall market cap of C$36.31 billion.

WSP Global (TSE:WSP - Get Free Report) had its price target raised by research analysts at ATB Capital from C$270.00 to C$305.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. ATB Capital's target price would suggest a potential upside of 8.87% from the stock's current price.

Several other analysts have also commented on the company. Stifel Nicolaus lifted their price objective on WSP Global from C$305.00 to C$317.00 in a report on Wednesday, July 16th. National Bankshares lifted their price objective on WSP Global from C$292.00 to C$297.00 in a report on Friday. BMO Capital Markets lifted their price objective on WSP Global from C$312.00 to C$324.00 in a report on Thursday, August 7th. Canaccord Genuity Group lifted their price objective on WSP Global from C$305.00 to C$335.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, TD Securities lifted their price objective on WSP Global from C$298.00 to C$307.00 and gave the stock a "buy" rating in a report on Monday, May 12th. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$304.69.

WSP Global Stock Performance

WSP Global stock traded down C$0.29 during midday trading on Friday, reaching C$280.16. 13,139 shares of the company traded hands, compared to its average volume of 235,900. The firm has a market capitalization of C$36.15 billion, a price-to-earnings ratio of 53.54, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The business has a 50 day moving average of C$279.08 and a two-hundred day moving average of C$261.63. WSP Global has a 12 month low of C$209.00 and a 12 month high of C$289.94. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04.

Insiders Place Their Bets

In other news, Senior Officer Mark Naysmith sold 6,715 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of C$281.34, for a total transaction of C$1,889,184.67. Insiders own 0.06% of the company's stock.

About WSP Global

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).