WSP Global Inc. (TSE:WSP) Receives Average Recommendation of “Buy” from Brokerages

WSP Global Inc. (TSE:WSP) has been assigned an average rating of “Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$318.42.

A number of equities analysts recently issued reports on the stock. CIBC dropped their price objective on shares of WSP Global from C$349.00 to C$342.00 in a report on Friday, November 7th. ATB Capital upgraded shares of WSP Global from a “sector perform” rating to an “outperform” rating and set a C$305.00 price target on the stock in a research report on Friday, November 7th. National Bankshares lifted their price target on shares of WSP Global from C$297.00 to C$299.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Desjardins reduced their price objective on WSP Global from C$313.00 to C$306.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Scotiabank raised their target price on WSP Global from C$306.00 to C$308.00 in a report on Friday, October 17th.

WSP Global Price Performance

Shares of WSP opened at C$253.30 on Friday. WSP Global has a 1-year low of C$217.42 and a 1-year high of C$291.46. The firm has a fifty day simple moving average of C$275.10 and a two-hundred day simple moving average of C$275.93. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The firm has a market cap of C$33.08 billion, a PE ratio of 37.92, a P/E/G ratio of 1.09 and a beta of 0.51.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, November 5th. The company reported C$2.17 earnings per share (EPS) for the quarter. WSP Global had a return on equity of 9.84% and a net margin of 4.24%.The business had revenue of C$4.53 billion for the quarter. On average, equities analysts anticipate that WSP Global will post 9.5687404 EPS for the current year.

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).