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 price objective boosted by research analysts at BMO Capital Markets from C$312.00 to C$324.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets' target price indicates a potential upside of 15.53% from the stock's previous close.

A number of other analysts have also recently weighed in on the company. TD Securities upped their price target on WSP Global from C$298.00 to C$307.00 and gave the company a "buy" rating in a research report on Monday, May 12th. 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 report on Wednesday, July 30th. CIBC raised their price target on WSP Global from C$305.00 to C$317.00 in a research report on Friday, July 18th. Finally, 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. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, WSP Global currently has an average rating of "Buy" and a consensus target price of C$304.69.

WSP Global Stock Up 0.2%

TSE:WSP traded up C$0.45 on Thursday, hitting C$280.45. 128,759 shares of the company's stock traded hands, compared to its average volume of 237,356. The company has a market cap of C$36.18 billion, a PE ratio of 53.59, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The firm has a 50-day moving average price of C$279.08 and a 200-day moving average price of C$261.63. WSP Global has a 1 year low of C$209.00 and a 1 year high of C$289.94. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45.

Insider Activity

In other WSP Global news, Senior Officer Mark Naysmith sold 6,715 shares of WSP Global stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of C$281.34, for a total value of C$1,889,184.67. 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).