WSP Global (WSP) Given New C$75.00 Price Target at National Bank Financial
WSP Global (TSE:WSP) had its target price boosted by equities research analysts at National Bank Financial from C$71.50 to C$75.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 4.15% from the company’s current price.
A number of other analysts have also weighed in on WSP. TD Securities increased their price objective on WSP Global from C$75.00 to C$81.00 and gave the company a “buy” rating in a research note on Friday. Canaccord Genuity raised their price target on WSP Global from C$70.00 to C$72.00 in a research note on Friday. CIBC raised their price target on WSP Global from C$77.00 to C$81.00 in a research note on Friday. Laurentian raised their price target on WSP Global from C$81.00 to C$82.50 in a research note on Thursday, January 31st. Finally, BMO Capital Markets dropped their price target on WSP Global from C$74.00 to C$72.00 and set a “market perform” rating for the company in a research note on Thursday, January 31st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$76.95.
Shares of TSE:WSP traded up C$1.51 during trading on Friday, reaching C$72.01. 94,916 shares of the company traded hands, compared to its average volume of 152,407. The firm has a market cap of $7.34 billion and a PE ratio of 31.79. WSP Global has a 52-week low of C$56.09 and a 52-week high of C$75.42. The company has a debt-to-equity ratio of 34.68, a quick ratio of 1.20 and a current ratio of 1.20.
WSP Global Inc operates as a professional services company in the United States, Canada, the United Kingdom, Sweden, and internationally. The company's Property & Buildings segment provides technical and management consultancy services, such as structural and mechanical, electrical, and plumbing engineering; and a range of specialist services, including fire engineering, lighting design, vertical transportation, acoustics, intelligent building systems, audiovisual systems, information technology, facade engineering, and green building design.
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