Raymond James Financial Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its target price raised by Raymond James Financial from C$310.00 to C$340.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “strong-buy” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 35.13% from the stock’s current price.

WSP has been the topic of several other reports. Desjardins raised their target price on WSP Global from C$346.00 to C$375.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets boosted their price objective on shares of WSP Global from C$330.00 to C$335.00 in a report on Thursday, November 6th. CIBC cut their target price on WSP Global from C$349.00 to C$342.00 in a research note on Friday, November 7th. Atb Cap Markets upgraded shares of WSP Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Stifel Nicolaus boosted their target price on shares of WSP Global from C$317.00 to C$350.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat.com, WSP Global currently has an average rating of “Buy” and a consensus price target of C$330.42.

WSP Global Price Performance

Shares of TSE WSP traded up C$2.35 during trading on Tuesday, hitting C$251.61. The company had a trading volume of 88,827 shares, compared to its average volume of 260,816. The business’s 50-day moving average is C$256.43 and its 200 day moving average is C$271.52. The company has a market cap of C$32.86 billion, a P/E ratio of 37.67, a PEG ratio of 1.09 and a beta of 0.53. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26. WSP Global has a 52 week low of C$217.42 and a 52 week high of C$291.46.

WSP Global (TSE:WSP) last issued its earnings results on Wednesday, November 5th. The company reported C$2.82 EPS for the quarter. The business had revenue of C$4.53 billion during the quarter. WSP Global had a return on equity of 9.84% and a net margin of 4.24%. Equities research analysts predict that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

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).