WSP Global Inc. (TSE:WSP) Receives Consensus Recommendation of “Buy” from Analysts

WSP Global Inc. (TSE:WSP) has been given an average recommendation of “Buy” by the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$330.83.

WSP has been the subject of a number of research reports. ATB Capital lifted their price objective on WSP Global from C$305.00 to C$330.00 and gave the company an “outperform” rating in a research note on Tuesday, December 23rd. Royal Bank Of Canada cut their price target on shares of WSP Global from C$318.00 to C$316.00 in a research note on Friday, November 7th. BMO Capital Markets raised their price objective on shares of WSP Global from C$335.00 to C$338.00 in a research note on Monday, January 5th. Atb Cap Markets raised shares of WSP Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Desjardins increased their target price on shares of WSP Global from C$346.00 to C$375.00 and gave the stock a “buy” rating in a report on Tuesday, December 23rd.

WSP Global Stock Down 2.2%

Shares of WSP opened at C$263.81 on Friday. The company’s 50-day moving average price is C$252.82 and its 200 day moving average price is C$268.64. WSP Global has a 12-month low of C$217.42 and a 12-month high of C$291.46. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The firm has a market cap of C$35.56 billion, a P/E ratio of 39.49, a price-to-earnings-growth ratio of 1.09 and a beta of 0.51.

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