WSP Global (TSE:WSP) Stock Price Expected to Rise, National Bank Financial Analyst Says

WSP Global (TSE:WSP) had its price target raised by analysts at National Bank Financial from C$268.00 to C$272.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 26.49% from the company’s current price.

Other equities analysts have also issued research reports about the company. TD cut their price target on 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. Stifel Nicolaus cut their target price on WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. BMO Capital Markets cut their target price on WSP Global from C$334.00 to C$305.00 in a research note on Friday. Scotiabank lifted their target price on WSP Global from C$284.00 to C$286.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Finally, TD Securities cut their target price on WSP Global from C$335.00 to C$311.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$313.42.

WSP Global Stock Performance

WSP Global stock traded down C$9.14 during midday trading on Friday, hitting C$215.04. The stock had a trading volume of 323,636 shares, compared to its average volume of 481,277. The firm’s fifty day moving average is C$224.11 and its two-hundred day moving average is C$243.52. The company has a market capitalization of C$28.99 billion, a PE ratio of 29.22, a P/E/G ratio of 1.09 and a beta of 0.28. WSP Global has a 52-week low of C$210.86 and a 52-week high of C$291.46. The company has a current ratio of 1.27, a quick ratio of 1.04 and a debt-to-equity ratio of 59.38.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. WSP Global had a net margin of 5.27% and a return on equity of 10.86%. The business had revenue of C$4.55 billion during the quarter. On average, research analysts forecast that WSP Global will post 9.5687404 EPS for the current 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).