WSP Global (TSE:WSP) Price Target Raised to C$272.00

Key Points

• National Bank Financial raised its price target on WSP Global to C$272 from C$268 and reiterated an outperform rating, implying about 26.5% upside from the current share price.
• Analyst sentiment remains broadly positive, with 10 Buy ratings and 1 Strong Buy; the average price target across analysts is C$313.42, though several firms recently trimmed or adjusted their targets.
• WSP Global shares fell 4.1% to C$215.04 on Friday, near the stock’s 52-week low, even after the company reported quarterly EPS of C$2.21 and revenue of C$4.55 billion.

WSP Global (TSE:WSP - Get Free Report) had its target price raised by analysts at National Bank Financial from C$268.00 to C$272.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price objective indicates a potential upside of 26.49% from the company's current price.

A number of other equities research analysts also recently weighed in on the stock. ATB Cormark Capital Markets downgraded shares of WSP Global from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, February 20th. Royal Bank Of Canada lifted their price target on shares of WSP Global from C$316.00 to C$325.00 in a research note on Friday, February 27th. TD decreased their price target on shares of WSP Global from C$308.00 to C$307.00 and set a "buy" rating on the stock in a research note on Tuesday, April 28th. Canadian Imperial Bank of Commerce decreased their price target on shares of WSP Global from C$328.00 to C$318.00 in a research note on Friday. Finally, BMO Capital Markets decreased their price target on shares of WSP Global from C$334.00 to C$305.00 in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$313.42.

WSP Global Stock Down 4.1%

WSP traded down C$9.14 during trading on Friday, hitting C$215.04. 323,636 shares of the company's stock were exchanged, compared to its average volume of 481,277. The company has a quick ratio of 1.04, a current ratio of 1.27 and a debt-to-equity ratio of 59.38. The business's 50 day moving average is C$224.11 and its two-hundred day moving average is C$243.52. WSP Global has a fifty-two week low of C$210.86 and a fifty-two week high of C$291.46. The stock has a market cap of C$28.99 billion, a P/E ratio of 29.22, a PEG ratio of 1.09 and a beta of 0.28.

WSP Global (TSE:WSP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. The business had revenue of C$4.55 billion during the quarter. WSP Global had a net margin of 5.27% and a return on equity of 10.86%. As a group, equities analysts expect 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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