TD Securities Raises WSP Global (TSE:WSP) Price Target to C$185.00

WSP Global (TSE:WSPGet Rating) had its price target raised by stock analysts at TD Securities from C$180.00 to C$185.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 22.71% from the stock’s previous close.

Several other research firms have also commented on WSP. Royal Bank of Canada boosted their price target on WSP Global from C$197.00 to C$199.00 in a research report on Thursday. Scotiabank boosted their price target on WSP Global from C$170.00 to C$175.00 in a research report on Thursday. National Bank Financial raised WSP Global from a “sector perform overweight” rating to an “outperform overweight” rating in a research report on Sunday, February 27th. ATB Capital boosted their price target on WSP Global from C$160.00 to C$170.00 and gave the stock a “na” rating in a research report on Thursday. Finally, Canaccord Genuity Group reduced their price target on WSP Global from C$200.00 to C$190.00 in a research report on Thursday. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$183.85.

Shares of WSP stock traded up C$4.18 during mid-day trading on Thursday, hitting C$150.76. The stock had a trading volume of 146,567 shares, compared to its average volume of 198,046. WSP Global has a 12-month low of C$130.65 and a 12-month high of C$187.94. The firm has a market capitalization of C$17.80 billion and a P/E ratio of 37.02. The firm’s 50-day moving average is C$150.37 and its two-hundred day moving average is C$164.07. The company has a debt-to-equity ratio of 59.55, a current ratio of 1.18 and a quick ratio of 1.09.

WSP Global (TSE:WSPGet Rating) last issued its earnings results on Wednesday, March 9th. The company reported C$1.46 earnings per share for the quarter, topping the consensus estimate of C$1.33 by C$0.13. The firm had revenue of C$2.15 billion during the quarter, compared to analysts’ expectations of C$2.08 billion. Analysts expect that WSP Global will post 6.4400001 EPS for the current year.

About WSP Global (Get Rating)

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.

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