WSP Global (TSE:WSP) Price Target Raised to C$246.00 at BMO Capital Markets

WSP Global (TSE:WSP) had its price objective boosted by stock analysts at BMO Capital Markets from C$244.00 to C$246.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 15.14% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. Veritas Investment Research reaffirmed a “buy” rating on shares of WSP Global in a research note on Friday, March 1st. Canaccord Genuity Group lifted their price target on shares of WSP Global from C$225.00 to C$235.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. CIBC lifted their price target on shares of WSP Global from C$234.00 to C$239.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. ATB Capital lifted their price target on shares of WSP Global from C$210.00 to C$220.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. Finally, Royal Bank of Canada lifted their price target on shares of WSP Global from C$212.00 to C$237.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$236.92.

WSP Global Price Performance

Shares of TSE:WSP opened at C$213.65 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 67.33. The firm has a market capitalization of C$26.64 billion, a PE ratio of 48.67, a P/E/G ratio of 1.09 and a beta of 0.80. WSP Global has a twelve month low of C$166.75 and a twelve month high of C$230.98. The company has a 50-day moving average price of C$217.49 and a two-hundred day moving average price of C$199.13.

WSP Global (TSE:WSP) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$1.99 EPS for the quarter, beating analysts’ consensus estimates of C$1.91 by C$0.08. WSP Global had a net margin of 3.81% and a return on equity of 8.96%. The company had revenue of C$3.72 billion during the quarter, compared to analyst estimates of C$2.81 billion. Equities analysts forecast that WSP Global will post 7.9537594 EPS for the current year.

WSP Global Company Profile

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.