WSP Global Inc. (TSE:WSP) Receives Average Rating of “Buy” from Analysts

WSP Global Inc. (TSE:WSP) has received a consensus rating of “Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$330.67.

WSP has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on WSP Global from C$335.00 to C$338.00 in a research report on Monday, January 5th. Scotiabank boosted their price objective on WSP Global from C$308.00 to C$318.00 and gave the company an “outperform” rating in a report on Tuesday, December 23rd. TD Securities upped their price objective on WSP Global from C$330.00 to C$335.00 and gave the company a “buy” rating in a research report on Tuesday, December 23rd. Stifel Nicolaus increased their target price on WSP Global from C$317.00 to C$350.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Atb Cap Markets raised shares of WSP Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th.

WSP Global Stock Up 1.5%

TSE WSP opened at C$260.02 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45. WSP Global has a 52 week low of C$217.42 and a 52 week high of C$291.46. The firm has a market capitalization of C$35.05 billion, a price-to-earnings ratio of 38.93, a PEG ratio of 1.09 and a beta of 0.51. The company has a fifty day moving average of C$249.27 and a two-hundred day moving average of C$269.54.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, November 5th. The company reported C$2.82 earnings per share (EPS) for the quarter. WSP Global had a net margin of 4.24% and a return on equity of 9.84%. The firm had revenue of C$4.53 billion during the quarter. On average, analysts predict that WSP Global will post 9.5687404 earnings per share 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).