Raymond James Financial Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its target price raised by equities researchers at Raymond James Financial from C$310.00 to C$340.00 in a research report issued on Monday,BayStreet.CA reports. Raymond James Financial’s price objective indicates a potential upside of 36.22% from the company’s previous close.

Several other analysts have also issued reports on the company. CIBC decreased their target price on shares of WSP Global from C$349.00 to C$342.00 in a research note on Friday, November 7th. Royal Bank Of Canada decreased their price objective on shares of WSP Global from C$318.00 to C$316.00 in a research report on Friday, November 7th. ATB Capital boosted their price objective on shares of WSP Global from C$305.00 to C$330.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. Scotiabank upped their target price on shares of WSP Global from C$308.00 to C$318.00 and gave the company an “outperform” rating in a report on Tuesday, December 23rd. Finally, TD Securities raised their target price on shares of WSP Global from C$330.00 to C$335.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$330.42.

WSP Global Price Performance

Shares of WSP Global stock traded down C$0.41 during mid-day trading on Monday, reaching C$249.59. 91,037 shares of the stock were exchanged, compared to its average volume of 260,511. The company has a market cap of C$33.65 billion, a price-to-earnings ratio of 37.36, a price-to-earnings-growth ratio of 1.09 and a beta of 0.53. The firm has a 50-day simple moving average of C$253.99 and a 200 day simple moving average of C$270.84. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. WSP Global has a fifty-two week low of C$217.42 and a fifty-two week high of C$291.46.

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