WSP Global Inc. (TSE:WSP) Stock Has Average Price Target of C$289.62 According to Analysts

Shares of WSP Global Inc. (TSE:WSP) have been assigned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the firm, MarketBeat reports. Twelve research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$289.62.

WSP has been the topic of a number of recent analyst reports. Desjardins dropped their price target on shares of WSP Global from C$372.00 to C$369.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reduced their price objective on shares of WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a research note on Wednesday, July 8th. TD decreased their price objective on shares of WSP Global from C$307.00 to C$255.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Stifel Nicolaus lowered their target price on shares of WSP Global from C$280.00 to C$230.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Finally, BMO Capital Markets lowered their target price on shares of WSP Global from C$280.00 to C$275.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th.

WSP Global Stock Down 0.1%

Shares of WSP opened at C$163.43 on Wednesday. The company has a debt-to-equity ratio of 84.47, a quick ratio of 1.04 and a current ratio of 1.20. The stock has a market capitalization of C$22.03 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 1.09 and a beta of 0.40. WSP Global has a 52 week low of C$156.64 and a 52 week high of C$290.23. The stock has a fifty day moving average of C$182.80 and a 200-day moving average of C$190.65.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$2.88 earnings per share for the quarter. The company had revenue of C$5.40 billion for the quarter. WSP Global had a net margin of 4.81% and a return on equity of 9.52%. As a group, sell-side analysts anticipate that WSP Global will post 9.57 earnings per share for the current fiscal year.

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).