Scotiabank Forecasts Strong Price Appreciation for WSP Global (TSE:WSP) Stock

WSP Global (TSE:WSP) had its price objective boosted by Scotiabank from C$308.00 to C$318.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 26.39% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. CIBC reduced their price objective on shares of WSP Global from C$349.00 to C$342.00 in a research note on Friday, November 7th. BMO Capital Markets lifted their target price on shares of WSP Global from C$330.00 to C$335.00 in a research report on Thursday, November 6th. Royal Bank Of Canada reduced their target price on WSP Global from C$318.00 to C$316.00 in a report on Friday, November 7th. Stifel Nicolaus lifted their price objective on WSP Global from C$317.00 to C$350.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, ATB Capital boosted their target price on shares of WSP Global from C$305.00 to C$330.00 and gave the company an “outperform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$330.42.

WSP Global Stock Performance

WSP Global stock traded up C$2.35 during trading hours 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 firm has a 50-day moving average of C$256.43 and a 200 day moving average of C$271.52. The firm has a market cap of C$32.86 billion, a PE ratio of 37.67, a PEG ratio of 1.09 and a beta of 0.53. WSP Global has a one year low of C$217.42 and a one year high of C$291.46. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04.

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