WSP Global (TSE:WSP) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

WSP Global (TSE:WSP) had its target price upped by equities research analysts at Royal Bank Of Canada from C$316.00 to C$325.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Royal Bank Of Canada’s target price would suggest a potential upside of 42.89% from the company’s current price.

A number of other research firms also recently weighed in on WSP. Canadian Imperial Bank of Commerce decreased their price target on shares of WSP Global from C$349.00 to C$342.00 in a research report on Friday, November 7th. ATB Cormark Capital Markets lowered WSP Global from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, February 20th. TD Securities cut their target price on WSP Global from C$335.00 to C$311.00 and set a “buy” rating on the stock in a research note on Tuesday. BMO Capital Markets upped their price target on shares of WSP Global from C$335.00 to C$338.00 in a research report on Monday, January 5th. Finally, Desjardins raised their price target on shares of WSP Global from C$346.00 to C$375.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$324.50.

WSP Global Trading Down 3.7%

WSP stock traded down C$8.82 during trading on Friday, reaching C$227.44. 469,885 shares of the stock traded hands, compared to its average volume of 456,997. The firm has a market capitalization of C$30.66 billion, a PE ratio of 34.05, a P/E/G ratio of 1.09 and a beta of 0.47. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. The business’s 50 day moving average price is C$252.64 and its 200-day moving average price is C$262.82. WSP Global has a 52-week low of C$213.18 and a 52-week high of C$291.46.

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).