WSP Global Inc. (WSP.TO) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst consensus is bullish: All 13 covering firms recommend buying WSP Global, 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, but maintained positive ratings such as “outperform” and “sector outperform.”
• WSP shares opened at C$186.52, down 0.5%, with a C$25.15 billion market capitalization. The company most recently reported C$2.88 in quarterly EPS and C$5.40 billion in revenue.

WSP Global Inc. (TSE:WSP - Get Free Report) has been given an average recommendation of "Buy" by the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$289.62.

WSP has been the topic of a number of research reports. Canadian Imperial Bank of Commerce cut their price target on shares of WSP Global from C$318.00 to C$266.00 and set an "outperformer" rating on the stock in a research note on Wednesday, July 8th. National Bank Financial reduced their target price on shares of WSP Global from C$219.00 to C$216.00 and set an "outperform" rating for the company in a research note on Wednesday, September 30th. Royal Bank Of Canada lowered their target price on WSP Global from C$304.00 to C$303.00 and set an "outperform" rating for the company in a report on Wednesday, September 30th. Scotia cut their price target on WSP Global from C$281.00 to C$279.00 and set a "sector outperform" rating on the stock in a report on Monday, August 10th. Finally, Scotiabank reduced their price objective on WSP Global from C$286.00 to C$281.00 and set a "sector outperform" rating for the company in a research report on Friday, July 10th.

WSP Global Stock Down 0.5%

Shares of TSE:WSP opened at C$186.52 on Friday. WSP Global has a 52 week low of C$156.64 and a 52 week high of C$275.24. The company has a debt-to-equity ratio of 84.47, a quick ratio of 1.04 and a current ratio of 1.20. The company has a market capitalization of C$25.15 billion, a PE ratio of 26.61, a PEG ratio of 1.09 and a beta of 0.40. The company has a 50 day moving average price of C$178.59 and a two-hundred day moving average price of C$202.64.

WSP Global (TSE:WSP - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$2.88 EPS for the quarter. The business had revenue of C$5.40 billion during the quarter. WSP Global had a net margin of 4.81% and a return on equity of 9.52%. Analysts forecast that WSP Global will post 9.57 earnings per share for the current 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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