Raymond James Financial Increases WSP Global (TSE:WSP) Price Target to C$340.00

WSP Global (TSE:WSP) had its price objective lifted by equities researchers at Raymond James Financial from C$310.00 to C$340.00 in a research report issued to clients and investors on Sunday,BayStreet.CA reports. Raymond James Financial’s price target points to a potential upside of 35.96% from the stock’s previous close.

A number of other research firms have also recently issued reports on WSP. Atb Cap Markets upgraded shares of WSP Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. BMO Capital Markets boosted their price objective on shares of WSP Global from C$330.00 to C$335.00 in a research note on Thursday, November 6th. Stifel Nicolaus raised their price target on WSP Global from C$317.00 to C$350.00 and gave the company a “buy” rating in a report on Monday, October 6th. Royal Bank Of Canada lowered their price objective on WSP Global from C$318.00 to C$316.00 in a research report on Friday, November 7th. Finally, TD Securities boosted their price objective on shares of WSP Global from C$330.00 to C$335.00 and gave the company a “buy” rating in a report on Tuesday, December 23rd. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat.com, WSP Global presently has an average rating of “Buy” and a consensus price target of C$330.42.

WSP Global Stock Performance

WSP traded up C$1.56 on Friday, hitting C$250.08. The company’s stock had a trading volume of 277,375 shares, compared to its average volume of 261,455. 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 12 month low of C$217.42 and a 12 month high of C$291.46. The firm has a market cap of C$33.71 billion, a P/E ratio of 37.44, a price-to-earnings-growth ratio of 1.09 and a beta of 0.51. The company’s 50 day simple moving average is C$250.87 and its 200-day simple moving average is C$270.02.

WSP Global (TSE:WSP) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$2.82 earnings per share 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 for the quarter. Analysts forecast that WSP Global will post 9.5687404 EPS for the current year.

About WSP Global

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).