WSP Global (TSE:WSP) Given New C$86.00 Price Target at TD Securities

WSP Global (TSE:WSP) had its price objective lifted by TD Securities from C$84.00 to C$86.00 in a research report sent to investors on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

WSP has been the topic of a number of other reports. AltaCorp Capital upgraded WSP Global from a sector perform rating to an outperform rating in a report on Tuesday, May 14th. BMO Capital Markets lifted their price target on WSP Global from C$74.00 to C$76.00 in a report on Friday. Raymond James reiterated an outperform rating and issued a C$86.00 price target on shares of WSP Global in a report on Friday. CIBC lifted their price target on WSP Global from C$81.00 to C$84.00 in a report on Friday. Finally, National Bank Financial upgraded WSP Global from a sector perform rating to an outperform rating and lifted their price target for the company from C$75.00 to C$79.00 in a report on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of C$81.69.

Shares of TSE:WSP traded up C$0.49 on Friday, reaching C$74.05. The company had a trading volume of 216,100 shares, compared to its average volume of 157,892. WSP Global has a 52-week low of C$56.09 and a 52-week high of C$75.66. The business has a 50 day moving average of C$73.23. The firm has a market capitalization of $7.75 billion and a price-to-earnings ratio of 27.43. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 83.11.

WSP Global (TSE:WSP) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C$0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.65 by C$0.02. The company had revenue of C$1.66 billion during the quarter, compared to analysts’ expectations of C$1.69 billion. As a group, equities analysts expect that WSP Global will post 4.0500001 EPS for the current year.

WSP Global Company Profile

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, Asia, New Zealand, and internationally. The company advises, plans, designs, and manages projects for rail transit, aviation, highway, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and partners.

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Analyst Recommendations for WSP Global (TSE:WSP)

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