WSP Global (TSE:WSP) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Key Points

• Canaccord Genuity Group has raised its target price for WSP Global stock from C$305.00 to C$335.00, indicating a potential upside of 17.09%.
• Other firms, including Stifel Nicolaus and CIBC, also increased their price targets for WSP Global, with a significant consensus rating of "Buy" among analysts.
• WSP Global's stock is currently trading at C$286.10, and it has seen a trading volume significantly lower than its average, with a market cap of C$36.91 billion.

WSP Global (TSE:WSP - Get Free Report) had its target price raised by analysts at Canaccord Genuity Group from C$305.00 to C$335.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 18.98% from the stock's current price.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus upped their target price on shares of WSP Global from C$305.00 to C$317.00 in a research report on Wednesday, July 16th. TD Securities upped their target price on shares of WSP Global from C$298.00 to C$307.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. CIBC increased their price target on shares of WSP Global from C$305.00 to C$317.00 in a research note on Friday, July 18th. Finally, BMO Capital Markets increased their price target on shares of WSP Global from C$298.00 to C$312.00 in a research note on Tuesday, July 22nd. One 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's stock. According to data from MarketBeat.com, WSP Global currently has a consensus rating of "Buy" and a consensus price target of C$290.92.

WSP Global Stock Performance

Shares of TSE:WSP traded down C$3.75 during trading on Wednesday, reaching C$281.55. 201,372 shares of the company's stock traded hands, compared to its average volume of 238,175. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. WSP Global has a 12 month low of C$208.35 and a 12 month high of C$289.94. The company has a 50 day moving average of C$279.13 and a 200-day moving average of C$260.37. The stock has a market capitalization of C$36.32 billion, a P/E ratio of 53.80, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82.

Insider Buying and Selling at WSP Global

In related news, Senior Officer Mark Naysmith sold 6,715 shares of WSP Global stock in a transaction that occurred on Tuesday, May 27th. The stock was 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 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).