Scotiabank Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price target increased by analysts at Scotiabank from C$318.00 to C$320.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 18.65% from the company’s previous close.

Several other equities analysts also recently commented on WSP. Raymond James Financial increased their price objective on shares of WSP Global from C$310.00 to C$340.00 in a research note on Sunday, January 4th. BMO Capital Markets upped their price target on shares of WSP Global from C$335.00 to C$338.00 in a report on Monday, January 5th. Royal Bank Of Canada cut their price objective on WSP Global from C$318.00 to C$316.00 in a report on Friday, November 7th. Atb Cap Markets upgraded WSP Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, TD Securities increased their target price 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. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat.com, WSP Global has a consensus rating of “Buy” and a consensus price target of C$330.83.

WSP Global Price Performance

Shares of WSP traded up C$1.49 during trading hours on Thursday, hitting C$269.69. 168,094 shares of the company were exchanged, compared to its average volume of 321,735. The company has a market cap of C$36.36 billion, a price-to-earnings ratio of 40.37, a P/E/G ratio of 1.09 and a beta of 0.51. WSP Global has a fifty-two week low of C$217.42 and a fifty-two week high of C$291.46. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45. The firm’s fifty day moving average is C$250.50 and its 200 day moving average is C$269.10.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$2.82 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 during the quarter. On average, equities analysts anticipate that WSP Global will post 9.5687404 earnings per share for the current fiscal 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).