WSP Global Inc. (TSE:WSP) Given Consensus Recommendation of “Buy” by Analysts

Shares of WSP Global Inc. (TSE:WSP) have earned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$330.42.

A number of equities analysts recently weighed in on WSP shares. Raymond James Financial upped their target price on shares of WSP Global from C$310.00 to C$340.00 in a research report on Sunday. BMO Capital Markets increased their price objective on shares of WSP Global from C$330.00 to C$335.00 in a report on Thursday, November 6th. Stifel Nicolaus lifted their target price on WSP Global from C$317.00 to C$350.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Royal Bank Of Canada decreased their target price on WSP Global from C$318.00 to C$316.00 in a research report on Friday, November 7th. Finally, Desjardins raised their price target on WSP Global from C$346.00 to C$375.00 and gave the company a “buy” rating in a report on Tuesday, December 23rd.

WSP Global Stock Performance

TSE:WSP opened at C$250.08 on Monday. The stock has a 50-day moving average price of C$250.87 and a 200 day moving average price of C$270.01. The stock has a market capitalization of C$33.71 billion, a P/E ratio of 37.44, a P/E/G ratio of 1.09 and a beta of 0.51. WSP Global has a 12-month low of C$217.42 and a 12-month high of C$291.46. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$2.82 EPS for the quarter. WSP Global had a return on equity of 9.84% and a net margin of 4.24%.The company had revenue of C$4.53 billion for the quarter. Equities research analysts forecast that WSP Global will post 9.5687404 EPS for the current fiscal year.

About WSP Global

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).