WSP Global (TSE:WSP) Stock Price Expected to Rise, National Bank Financial Analyst Says

WSP Global (TSE:WSP) had its price objective hoisted by research analysts at National Bank Financial from C$207.00 to C$219.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 16.63% from the company’s current price.

Several other research analysts have also recently commented on WSP. Canadian Imperial Bank of Commerce reduced their price target on WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating for the company in a research report on Wednesday, July 8th. BMO Capital Markets upped their price objective on WSP Global from C$272.00 to C$280.00 and gave the stock an “outperform” rating in a research note on Thursday. Desjardins cut their price objective on WSP Global from C$372.00 to C$369.00 and set a “buy” rating for the company in a report on Friday. Scotiabank decreased their target price on shares of WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating for the company in a research note on Friday, July 10th. Finally, Stifel Nicolaus lowered their target price on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$297.17.

WSP Global Stock Down 2.5%

TSE:WSP traded down C$4.78 on Friday, hitting C$187.78. 621,937 shares of the company’s stock were exchanged, compared to its average volume of 525,910. The firm has a 50-day moving average price of C$177.73 and a 200-day moving average price of C$210.19. WSP Global has a 52 week low of C$156.64 and a 52 week high of C$291.46. The company has a debt-to-equity ratio of 87.04, a current ratio of 1.19 and a quick ratio of 1.04. The company has a market cap of C$25.32 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 1.09 and a beta of 0.19.

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

Insider Transactions at WSP Global

In other WSP Global news, Director Pascale Sourisse acquired 364 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were purchased at an average price of C$172.02 per share, for a total transaction of C$62,615.28. Following the completion of the purchase, the director directly owned 888 shares of the company’s stock, 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 corporate insiders.

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).