ATB Capital Forecasts Strong Price Appreciation for WSP Global (TSE:WSP) Stock

WSP Global (TSE:WSP) had its target price hoisted by ATB Capital from C$270.00 to C$305.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Capital’s price target suggests a potential upside of 8.93% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus boosted their price objective on shares of WSP Global from C$305.00 to C$317.00 in a report on Wednesday, July 16th. National Bankshares boosted their price objective on shares of WSP Global from C$292.00 to C$297.00 in a report on Friday. BMO Capital Markets boosted their price objective on shares of WSP Global from C$312.00 to C$324.00 in a report on Thursday. Canaccord Genuity Group upped their target price on shares of WSP Global from C$305.00 to C$335.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, CIBC upped their target price on shares of WSP Global from C$305.00 to C$317.00 in a report on Friday, July 18th. One research 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$304.69.

WSP Global Price Performance

TSE WSP opened at C$280.00 on Friday. WSP Global has a one year low of C$209.00 and a one year high of C$289.94. The stock has a 50-day moving average of C$279.13 and a 200 day moving average of C$261.49. The company has a market capitalization of C$36.12 billion, a price-to-earnings ratio of 53.51, a PEG ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26.

Insiders Place Their Bets

In related news, Senior Officer Mark Naysmith sold 6,715 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of C$281.34, for a total value of C$1,889,184.67. Corporate insiders own 0.06% of the company’s stock.

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).