UBS Group Forecasts Strong Price Appreciation for WSP Global (TSE:WSP) Stock

WSP Global (TSE:WSP) had its price objective raised by analysts at UBS Group from C$274.00 to C$285.00 in a report released on Wednesday,BayStreet.CA reports. UBS Group’s price target would indicate a potential upside of 14.96% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. CIBC increased their price target on shares of WSP Global from C$293.00 to C$295.00 in a research note on Friday, February 28th. Royal Bank of Canada lifted their target price on WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th. TD Securities upped their price target on WSP Global from C$300.00 to C$305.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Stifel Nicolaus lifted their price target on shares of WSP Global from C$295.00 to C$310.00 in a research report on Tuesday, February 18th. Finally, Scotiabank upped their target price on WSP Global from C$281.00 to C$283.00 in a research report on Wednesday, February 19th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, WSP Global currently has an average rating of “Buy” and an average price target of C$284.85.

WSP Global Price Performance

Shares of WSP Global stock traded up C$1.02 during trading on Wednesday, hitting C$247.92. 87,067 shares of the company were exchanged, compared to its average volume of 226,514. WSP Global has a fifty-two week low of C$201.24 and a fifty-two week high of C$264.87. The stock has a market capitalization of C$31.99 billion, a price-to-earnings ratio of 47.38, a P/E/G ratio of 1.09 and a beta of 0.82. The firm has a 50 day moving average price of C$251.34 and a 200 day moving average price of C$244.15. 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 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).