National Bank Financial upgraded shares of WSP Global (TSE:WSP) from a sector perform rating to an outperform rating in a research report sent to investors on Wednesday morning, BayStreet.CA reports. National Bank Financial currently has C$79.00 price objective on the stock, up from their previous price objective of C$75.00. National Bank Financial also issued estimates for WSP Global’s Q3 2019 earnings at $1.31 EPS.
Several other brokerages have also issued reports on WSP. CIBC lifted their target price on shares of WSP Global from C$75.00 to C$77.00 in a research report on Thursday, January 31st. Desjardins upgraded shares of WSP Global from a hold rating to a buy rating in a research report on Thursday, January 31st. Laurentian lifted their target price on shares of WSP Global from C$81.00 to C$82.50 in a research report on Thursday, January 31st. Royal Bank of Canada lifted their target price on shares of WSP Global from C$80.00 to C$82.00 and gave the company an outperform rating in a research report on Friday, March 15th. Finally, TD Securities lifted their target price on shares of WSP Global from C$75.00 to C$81.00 and gave the company a buy rating in a research report on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. WSP Global has an average rating of Buy and an average price target of C$78.72.
Shares of TSE WSP traded up C$1.12 during trading on Wednesday, hitting C$73.78. The company had a trading volume of 30,304 shares, compared to its average volume of 156,216. WSP Global has a fifty-two week low of C$56.09 and a fifty-two week high of C$75.42. The firm has a market cap of $7.59 billion and a price-to-earnings ratio of 30.84. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 46.77.
WSP Global (TSE:WSP) last announced its earnings results on Thursday, March 14th. The company reported C$0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.87 by C($0.30). The firm had revenue of C$1.54 billion for the quarter, compared to analyst estimates of C$1.52 billion. Equities research analysts anticipate that WSP Global will post 4.16999976899487 EPS for the current fiscal year.
About WSP Global
WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, Asia, New Zealand, and internationally. The company advises, plans, designs, and manages projects for rail transit, aviation, highway, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and partners.
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