WSP Global (WSP) Stock Rating Upgraded by National Bank Financial
WSP Global (TSE:WSP) was upgraded by National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has a C$79.00 price target on the stock, up from their prior price target of C$75.00. National Bank Financial’s price objective would suggest a potential upside of 7.64% from the stock’s previous close.
WSP has been the subject of several other research reports. CIBC upgraded shares of WSP Global from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from C$70.00 to C$75.00 in a research report on Tuesday, January 15th. Canaccord Genuity lifted their target price on shares of WSP Global from C$70.00 to C$72.00 in a report on Friday, March 15th. Desjardins raised shares of WSP Global from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Royal Bank of Canada lifted their target price on shares of WSP Global from C$80.00 to C$82.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Finally, TD Securities lifted their target price on shares of WSP Global from C$75.00 to C$81.00 and gave the stock a “buy” rating in a report on Friday, March 15th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$78.72.
WSP stock traded up C$2.21 during trading on Wednesday, hitting C$73.39. The company had a trading volume of 167,524 shares, compared to its average volume of 156,551. The company has a debt-to-equity ratio of 46.77, a current ratio of 1.24 and a quick ratio of 1.20. WSP Global has a 12 month low of C$56.09 and a 12 month high of C$75.42. The stock has a market capitalization of $7.30 billion and a PE ratio of 30.84.
About WSP Global
WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, Asia, New Zealand, and internationally. The company advises, plans, designs, and manages projects for rail transit, aviation, highway, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and partners.
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