Royal Bank Of Canada Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price objective upped by equities research analysts at Royal Bank Of Canada from C$316.00 to C$325.00 in a research note issued on Friday,BayStreet.CA reports. Royal Bank Of Canada’s price target would indicate a potential upside of 42.89% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Desjardins raised their target price 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. National Bank Financial upped their price target on shares of WSP Global from C$301.00 to C$304.00 and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. Raymond James Financial increased their price target on shares of WSP Global from C$310.00 to C$340.00 in a research note on Sunday, January 4th. ATB Cormark Capital Markets lowered shares of WSP Global from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, February 20th. Finally, BMO Capital Markets upped their target price on shares of WSP Global from C$335.00 to C$338.00 in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$324.50.

WSP Global Trading Down 3.7%

Shares of WSP traded down C$8.82 during trading on Friday, reaching C$227.44. 469,885 shares of the company traded hands, compared to its average volume of 456,997. WSP Global has a twelve month low of C$213.18 and a twelve month high of C$291.46. The stock has a 50-day simple moving average of C$252.64 and a 200-day simple moving average of C$262.82. The stock has a market cap of C$30.66 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 1.09 and a beta of 0.47. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45.

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).