Scotiabank Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price objective raised by Scotiabank from C$318.00 to C$320.00 in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

WSP has been the topic of several other research reports. BMO Capital Markets boosted their target price on shares of WSP Global from C$335.00 to C$338.00 in a research note on Monday, January 5th. National Bankshares lifted their price target on shares of WSP Global from C$301.00 to C$304.00 and gave the company an “outperform” rating in a report on Tuesday, December 23rd. Stifel Nicolaus boosted their price target on shares of WSP Global from C$317.00 to C$350.00 and gave the company a “buy” rating in a research report on Monday, October 6th. ATB Capital raised their price objective on shares of WSP Global from C$305.00 to C$330.00 and gave the stock an “outperform” rating in a report on Tuesday, December 23rd. Finally, Desjardins lifted their target price on shares of WSP Global from C$346.00 to C$375.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat.com, WSP Global presently has an average rating of “Buy” and a consensus target price of C$330.83.

WSP Global Trading Up 0.7%

Shares of WSP stock opened at C$270.20 on Thursday. WSP Global has a 12 month low of C$217.42 and a 12 month high of C$291.46. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45. The business’s 50 day moving average is C$250.80 and its two-hundred day moving average is C$269.11. The company has a market cap of C$36.42 billion, a PE ratio of 40.45, a price-to-earnings-growth ratio of 1.09 and a beta of 0.51.

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