WSP Global (TSE:WSP) Given New C$283.00 Price Target at Scotiabank

WSP Global (TSE:WSP) had its price target boosted by investment analysts at Scotiabank from C$281.00 to C$283.00 in a research report issued on Wednesday,BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 10.80% from the stock’s previous close.

A number of other research firms have also weighed in on WSP. Stifel Nicolaus raised their target price on shares of WSP Global from C$295.00 to C$310.00 in a report on Tuesday. BMO Capital Markets upped their price objective on WSP Global from C$280.00 to C$284.00 in a research report on Tuesday. Royal Bank of Canada lifted their target price on WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. TD Securities upped their price target on shares of WSP Global from C$300.00 to C$305.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Raymond James raised their price target on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$281.91.

WSP Global Price Performance

WSP stock traded down C$0.09 during mid-day trading on Wednesday, hitting C$255.41. The company had a trading volume of 61,544 shares, compared to its average volume of 196,678. The company has a 50-day moving average price of C$250.38 and a 200 day moving average price of C$241.43. WSP Global has a 12-month low of C$201.24 and a 12-month high of C$262.00. The company has a market capitalization of C$32.95 billion, a price-to-earnings ratio of 48.81, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45.

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.