WSP Global (TSE:WSP) Price Target Raised to C$280.00 at BMO Capital Markets

WSP Global (TSE:WSP) had its price objective hoisted by equities research analysts at BMO Capital Markets from C$272.00 to C$280.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 47.86% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Desjardins set a C$372.00 price objective on shares of WSP Global and gave the company a “buy” rating in a research report on Thursday, July 16th. ATB Cormark Capital Markets cut their target price on shares of WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Scotiabank reduced their price target on shares of WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 10th. Canadian Imperial Bank of Commerce decreased their price target on shares of WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating for the company in a research note on Wednesday, July 8th. Finally, National Bank Financial lowered their price objective on shares of WSP Global from C$272.00 to C$207.00 and set an “outperform” rating for the company in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$296.83.

WSP Global Trading Up 4.6%

TSE WSP traded up C$8.25 on Thursday, hitting C$189.37. The company’s stock had a trading volume of 576,143 shares, compared to its average volume of 521,130. The firm has a market cap of C$25.53 billion, a P/E ratio of 25.83, a PEG ratio of 1.09 and a beta of 0.19. WSP Global has a 52-week low of C$156.64 and a 52-week high of C$291.46. The company’s 50-day simple moving average is C$177.71 and its 200 day simple moving average is C$210.75. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 87.04.

WSP Global (TSE:WSP) last posted its earnings results on Wednesday, August 5th. The company reported C$2.88 earnings per share (EPS) for the quarter. The firm had revenue of C$5.40 billion for the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%. Research analysts predict that WSP Global will post 9.5687404 EPS for the current fiscal year.

Insider Buying and Selling at WSP Global

In related news, Director Pascale Sourisse acquired 364 shares of WSP Global stock in a transaction that occurred on Wednesday, June 24th. The stock was bought at an average price of C$172.02 per share, with a total value of C$62,615.28. Following the transaction, the director directly owned 888 shares in the company, valued at approximately C$152,753.76. This represents a 69.47% increase in their ownership of the stock. 0.06% of the stock is owned by insiders.

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).