National Bank Financial Upgrades WSP Global (WSP) to Outperform
National Bank Financial upgraded shares of WSP Global (TSE:WSP) from a sector perform rating to an outperform rating in a research note issued to investors on Wednesday, BayStreet.CA reports. National Bank Financial currently has C$79.00 target price on the stock, up from their prior target price of C$75.00. National Bank Financial also issued estimates for WSP Global’s Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $1.31 EPS and FY2019 earnings at $3.88 EPS.
A number of other analysts have also recently weighed in on the company. CIBC raised their price target on WSP Global from C$77.00 to C$81.00 in a research note on Friday, March 15th. Desjardins upgraded WSP Global from a hold rating to a buy rating in a research note on Thursday, January 31st. BMO Capital Markets cut their price target on WSP Global from C$74.00 to C$72.00 and set a market perform rating on the stock in a research note on Thursday, January 31st. Laurentian raised their price target on WSP Global from C$81.00 to C$82.50 in a research note on Thursday, January 31st. Finally, Royal Bank of Canada raised their price target on WSP Global from C$80.00 to C$82.00 and gave the company an outperform rating in a research note on Friday, March 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of C$78.72.
TSE:WSP opened at C$73.79 on Wednesday. The firm has a market capitalization of $7.69 billion and a P/E ratio of 31.00. WSP Global has a 12-month low of C$56.09 and a 12-month high of C$75.42. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 46.77.
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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