WSP Global (TSE:WSP) Price Target Raised to C$219.00

Key Points

• National Bank Financial raised WSP Global’s price target to C$219 from C$207 and maintained an “outperform” rating, implying 16.63% upside from the prior close.
• Analyst sentiment remains positive overall, with WSP carrying an average “Buy” rating and an average price target of C$297.17, despite several firms recently lowering their targets.
• WSP shares fell 2.5% to C$187.78 in Friday trading. The company recently reported quarterly EPS of C$2.88 and revenue of C$5.40 billion.

WSP Global (TSE:WSP - Get Free Report) had its price target lifted by equities researchers at National Bank Financial from C$207.00 to C$219.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's price target would suggest a potential upside of 16.63% from the stock's previous close.

Several other equities analysts have also recently weighed in on the company. TD cut their price objective on WSP Global from C$307.00 to C$255.00 and set a "buy" rating on the stock in a report on Tuesday, July 28th. Canadian Imperial Bank of Commerce lowered their target price on WSP Global from C$318.00 to C$266.00 and set an "outperformer" rating for the company in a research note on Wednesday, July 8th. Stifel Nicolaus dropped their target price on shares of WSP Global from C$320.00 to C$280.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. ATB Cormark Capital Markets cut their price target on shares of WSP Global from C$330.00 to C$325.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, BMO Capital Markets upped their price target on shares of WSP Global from C$272.00 to C$280.00 and gave the company an "outperform" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat.com, WSP Global presently has an average rating of "Buy" and an average price target of C$297.17.

WSP Global Trading Down 2.5%

WSP Global stock traded down C$4.78 during mid-day trading on Friday, hitting C$187.78. 621,937 shares of the company's stock were exchanged, compared to its average volume of 525,910. The firm has a market capitalization of C$25.32 billion, a P/E ratio of 25.62, a PEG ratio of 1.09 and a beta of 0.19. WSP Global has a fifty-two week low of C$156.64 and a fifty-two week high of C$291.46. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 87.04. The company's 50 day simple moving average is C$177.73 and its 200-day simple moving average is C$210.19.

WSP Global (TSE:WSP - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported C$2.88 earnings per share (EPS) for the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%.The firm had revenue of C$5.40 billion during the quarter. On average, equities analysts anticipate that WSP Global will post 9.5687404 earnings per share for the current year.

Insider Transactions at WSP Global

In other news, Director Pascale Sourisse bought 364 shares of the business's stock in a transaction on Wednesday, June 24th. The shares were purchased at an average price of C$172.02 per share, for a total transaction of C$62,615.28. Following the purchase, the director owned 888 shares of the company's stock, valued at approximately C$152,753.76. The trade was a 69.47% increase in their position. Corporate insiders own 0.06% of the company's stock.

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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