WSP Global (TSE:WSP) Given New C$304.00 Price Target at Royal Bank Of Canada

WSP Global (TSE:WSP) had its price target upped by stock analysts at Royal Bank Of Canada from C$300.00 to C$304.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 59.03% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Canadian Imperial Bank of Commerce decreased their price target on WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating for the company in a research note on Wednesday, July 8th. BMO Capital Markets lifted their price objective on WSP Global from C$272.00 to C$280.00 and gave the stock an “outperform” rating in a research note on Thursday. ATB Cormark Capital Markets reduced their target price on WSP Global from C$330.00 to C$325.00 and set an “outperform” rating on the stock in a report on Friday. Canaccord Genuity Group decreased their target price on shares of WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, Desjardins lowered their price target on shares of WSP Global from C$372.00 to C$369.00 and set a “buy” rating for the company in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$294.15.

WSP Global Trading Up 0.8%

Shares of WSP Global stock traded up C$1.60 during trading on Monday, hitting C$191.16. The company’s stock had a trading volume of 419,753 shares, compared to its average volume of 528,776. The company has a debt-to-equity ratio of 87.04, a current ratio of 1.19 and a quick ratio of 1.04. WSP Global has a 52 week low of C$156.64 and a 52 week high of C$291.46. The stock has a market cap of C$25.77 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 1.09 and a beta of 0.19. The stock has a 50-day moving average price of C$177.62 and a two-hundred day moving average price of C$209.61.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, August 5th. The company reported C$2.88 earnings per share (EPS) for the quarter. The business had revenue of C$5.40 billion during the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%. Equities research analysts anticipate that WSP Global will post 9.5687404 EPS for the current fiscal year.

Insider Activity

In other WSP Global news, Director Pascale Sourisse bought 364 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were bought at an average price of C$172.02 per share, for a total transaction of C$62,615.28. Following the transaction, the director directly owned 888 shares in the company, valued at approximately C$152,753.76. This trade represents a 69.47% increase in their ownership of the stock. 0.06% of the stock is owned by corporate insiders.

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).