WSP Global (TSE:WSP) Price Target Raised to C$324.00

Key Points

• BMO Capital Markets has raised its price target for WSP Global from C$312.00 to C$324.00, indicating a potential upside of 18.35%.
• Despite the positive outlook, WSP Global shares are trading down 3.8%, reaching C$273.76 during mid-day trading.
• Analysts generally have a favorable view of WSP Global, with one hold rating, nine buy ratings, and two strong buy ratings.

WSP Global (TSE:WSP - Get Free Report) had its target price lifted by equities researchers at BMO Capital Markets from C$312.00 to C$324.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets' price target suggests a potential upside of 18.35% from the stock's previous close.

WSP has been the subject of a number of other reports. TD Securities raised their price target on WSP Global from C$298.00 to C$307.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Stifel Nicolaus raised their price target on WSP Global from C$305.00 to C$317.00 in a research note on Wednesday, July 16th. CIBC raised their price target on WSP Global from C$305.00 to C$317.00 in a research note on Friday, July 18th. Finally, Canaccord Genuity Group raised their price target on WSP Global from C$305.00 to C$335.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$291.85.

WSP Global Stock Down 3.8%

Shares of TSE WSP traded down C$10.71 during mid-day trading on Thursday, reaching C$273.76. 274,022 shares of the company's stock were exchanged, compared to its average volume of 237,629. The firm has a market capitalization of C$35.32 billion, a price-to-earnings ratio of 52.31, a PEG ratio of 1.09 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The business has a fifty day simple moving average of C$279.32 and a 200 day simple moving average of C$261.07. WSP Global has a twelve month low of C$209.00 and a twelve month high of C$289.94.

Insiders Place Their Bets

In other WSP Global news, Senior Officer Mark Naysmith sold 6,715 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of C$281.34, for a total transaction of C$1,889,184.67. Company insiders own 0.06% of the company's stock.

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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