WSP Global Inc. (TSE:WSP) Stock Now Rated "Buy" by Sell-Side Brokerages

Key Points

• Analysts maintain a bullish view of WSP Global: All 13 covering firms recommend buying the stock, including 12 “buy” ratings and one “strong buy.” The average 12-month price target is C$289.62.
• Several brokerages recently lowered their price targets, with targets now ranging from C$230 to C$369, while retaining positive ratings such as “outperform” or “buy.”
• WSP shares opened at C$167.12, well below the average analyst target and their 12-month high of C$290.23. The company reported quarterly revenue of C$5.40 billion and earnings of C$2.88 per share.

Shares of WSP Global Inc. (TSE:WSP - Get Free Report) have received a consensus recommendation of "Buy" from the thirteen ratings firms that are covering the firm, Marketbeat reports. Twelve research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$289.62.

WSP has been the topic of a number of research reports. Royal Bank Of Canada cut their target price on shares of WSP Global from C$304.00 to C$303.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 30th. Desjardins dropped their price objective on shares of WSP Global from C$372.00 to C$369.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce cut their price objective on shares of WSP Global from C$318.00 to C$266.00 and set an "outperformer" rating on the stock in a report on Wednesday, July 8th. Scotiabank reduced their price objective on shares of WSP Global from C$286.00 to C$281.00 and set a "sector outperform" rating for the company in a research note on Friday, July 10th. Finally, Stifel Nicolaus lowered their target price on WSP Global from C$280.00 to C$230.00 and set a "buy" rating for the company in a report on Wednesday, September 30th.

WSP Global Price Performance

WSP opened at C$167.12 on Wednesday. The company has a market capitalization of C$22.53 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.09 and a beta of 0.40. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 84.47. WSP Global has a 12-month low of C$156.64 and a 12-month high of C$290.23. The business's fifty day simple moving average is C$183.71 and its 200-day simple moving average is C$192.63.

WSP Global (TSE:WSP - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$2.88 earnings per share for the quarter. WSP Global had a return on equity of 9.52% and a net margin of 4.81%.The firm had revenue of C$5.40 billion during the quarter. On average, equities research analysts anticipate that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

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).

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