WSP Global (TSE:WSP) Price Target Raised to C$305.00 at ATB Capital

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 boosted by equities research analysts at ATB Capital from C$270.00 to C$305.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. ATB Capital's price objective would indicate a potential upside of 7.95% from the stock's current price.

A number of other equities analysts also recently commented on WSP. Stifel Nicolaus increased their price objective on WSP Global from C$305.00 to C$317.00 in a report on Wednesday, July 16th. Canaccord Genuity Group boosted their price objective on WSP Global from C$305.00 to C$335.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. BMO Capital Markets increased their price objective on WSP Global from C$312.00 to C$324.00 in a research report on Thursday, August 7th. TD Securities increased their price objective on WSP Global from C$298.00 to C$307.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Finally, National Bankshares increased their price objective on WSP Global from C$292.00 to C$297.00 in a research report on Friday, August 8th. One research 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 company. According to data from MarketBeat, WSP Global has an average rating of "Buy" and a consensus target price of C$304.69.

WSP Global Stock Down 0.2%

TSE:WSP traded down C$0.45 during mid-day trading on Friday, reaching C$282.53. The stock had a trading volume of 24,499 shares, compared to its average volume of 235,909. The business's 50 day moving average is C$279.25 and its 200 day moving average is C$261.78. WSP Global has a fifty-two week low of C$216.37 and a fifty-two week high of C$289.94. The stock has a market cap of C$36.45 billion, a P/E ratio of 53.99, a PEG ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04.

Insider Buying and Selling

In other WSP Global news, Senior Officer Mark Naysmith sold 6,715 shares of the firm's stock in a transaction dated 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. 0.06% of the stock is currently owned by corporate insiders.

WSP Global Company Profile

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).