WSP Global (TSE:WSP) Given a C$320.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus set a new price target of C$320.00 on WSP Global and maintained a "buy" rating, implying about a 39.09% upside from the stock's prior close.
• Analyst consensus is a "Buy" (one Strong Buy and nine Buy ratings) with an average price target of C$323.27, while individual targets range from around C$311 to as high as C$375.
• WSP recently closed at C$230.06, has a market cap of C$31.02 billion, a P/E of 31.26, and reported quarterly EPS of C$2.65 on revenue of C$4.85 billion.

WSP Global (TSE:WSP - Get Free Report) received a C$320.00 price target from research analysts at Stifel Nicolaus in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target would suggest a potential upside of 39.09% from the company's previous close.

WSP has been the topic of a number of other reports. BMO Capital Markets increased their price target on WSP Global from C$335.00 to C$338.00 in a research report on Monday, January 5th. TD Securities decreased their price target on WSP Global from C$335.00 to C$311.00 and set a "buy" rating on the stock in a research report on Tuesday, February 24th. ATB Cormark Capital Markets lowered WSP Global from a "strong-buy" rating to a "moderate buy" rating in a research report on Friday, February 20th. Scotiabank increased their price target on WSP Global from C$284.00 to C$286.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Desjardins increased their price target on WSP Global from C$346.00 to C$375.00 and gave the stock a "buy" rating in a research report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat.com, WSP Global presently has a consensus rating of "Buy" and an average price target of C$323.27.

WSP Global Stock Performance

Shares of TSE WSP traded up C$3.44 during trading hours on Friday, hitting C$230.06. 197,577 shares of the company's stock were exchanged, compared to its average volume of 495,377. The company has a debt-to-equity ratio of 59.38, a current ratio of 1.27 and a quick ratio of 1.04. The company's 50-day moving average price is C$226.29 and its 200-day moving average price is C$248.60. The stock has a market capitalization of C$31.02 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 1.09 and a beta of 0.30. WSP Global has a 1-year low of C$210.86 and a 1-year high of C$291.46.

WSP Global (TSE:WSP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported C$2.65 EPS for the quarter. The company had revenue of C$4.85 billion for the quarter. WSP Global had a return on equity of 10.86% and a net margin of 5.27%. On average, sell-side analysts expect that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

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).

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