Scotiabank Reiterates “C$216.00” Price Target for WSP Global (TSE:WSP)

WSP Global (TSE:WSP) has been given a C$216.00 price objective by equities researchers at Scotiabank in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 12.38% from the company’s current price.

WSP has been the subject of a number of other reports. BMO Capital Markets upped their target price on shares of WSP Global from C$195.00 to C$205.00 in a report on Thursday, August 10th. CIBC boosted their price target on WSP Global from C$191.00 to C$204.00 in a research report on Thursday, August 10th. TD Securities boosted their price target on WSP Global from C$205.00 to C$215.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Stifel Nicolaus boosted their price target on WSP Global from C$183.00 to C$200.00 in a research report on Thursday, August 10th. Finally, Royal Bank of Canada boosted their price target on WSP Global from C$199.00 to C$210.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$198.70.

WSP Global Stock Up 0.5 %

WSP stock traded up C$0.93 during trading on Tuesday, hitting C$192.21. 64,442 shares of the company’s stock were exchanged, compared to its average volume of 189,897. The business has a 50-day moving average price of C$180.34 and a two-hundred day moving average price of C$176.20. The stock has a market capitalization of C$23.95 billion, a price-to-earnings ratio of 46.54, a PEG ratio of 1.09 and a beta of 0.93. WSP Global has a 52-week low of C$143.66 and a 52-week high of C$193.24. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 77.28.

WSP Global (TSE:WSP) last posted its earnings results on Tuesday, August 8th. The company reported C$1.56 earnings per share for the quarter, topping the consensus estimate of C$1.51 by C$0.05. The firm had revenue of C$2.74 billion during the quarter, compared to analysts’ expectations of C$2.59 billion. WSP Global had a return on equity of 9.46% and a net margin of 3.76%. As a group, equities research analysts expect that WSP Global will post 7.7661389 EPS for the current year.

WSP Global Company Profile

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.