WSP Global Inc. (TSE:WSP) Stock Has Consensus Price Target of C$289.62

WSP Global Inc. (TSE:WSP) has been given a consensus recommendation of “Buy” by the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Twelve analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$289.62.

A number of research firms recently commented on WSP. Desjardins decreased their price objective on WSP Global from C$372.00 to C$369.00 and set a “buy” rating on the stock in a report on Friday, August 7th. National Bank Financial cut their target price on WSP Global from C$219.00 to C$216.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th. 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 research report on Friday, August 7th. 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 on the stock in a research note on Wednesday, July 8th. Finally, TD lowered their price target on WSP Global from C$307.00 to C$255.00 and set a “buy” rating for the company in a report on Tuesday, July 28th.

WSP Global Trading Up 1.1%

Shares of WSP stock opened at C$163.63 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 84.47. The stock has a market cap of C$22.06 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 1.09 and a beta of 0.40. The company’s 50-day moving average price is C$183.29 and its 200-day moving average price is C$191.64. WSP Global has a twelve month low of C$156.64 and a twelve month high of C$290.23.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$2.88 earnings per share for the quarter. The business had revenue of C$5.40 billion during the quarter. WSP Global had a net margin of 4.81% and a return on equity of 9.52%. As a group, equities analysts predict that WSP Global will post 9.57 earnings per share 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).