ATB Capital Increases WSP Global (TSE:WSP) Price Target to C$330.00

WSP Global (TSE:WSP) had its target price raised by analysts at ATB Capital from C$305.00 to C$330.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s price objective points to a potential upside of 31.16% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Desjardins lifted their target price on shares of WSP Global from C$306.00 to C$346.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. National Bankshares raised their price target on WSP Global from C$299.00 to C$301.00 and gave the stock an “outperform” rating in a research note on Monday, December 15th. TD Securities upped their price objective on WSP Global from C$328.00 to C$330.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Atb Cap Markets upgraded shares of WSP Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Finally, Scotiabank raised their price objective on WSP Global from C$306.00 to C$308.00 in a research report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$330.42.

WSP Global Stock Performance

TSE:WSP traded up C$2.35 during midday trading on Tuesday, reaching C$251.61. The stock had a trading volume of 88,827 shares, compared to its average volume of 260,816. The stock has a market cap of C$32.86 billion, a P/E ratio of 37.67, a P/E/G ratio of 1.09 and a beta of 0.53. The firm has a fifty day simple moving average of C$256.43 and a two-hundred day simple moving average of C$271.52. 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 has a 12-month low of C$217.42 and a 12-month high of C$291.46.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$2.82 earnings per share 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. On average, equities analysts expect 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).