WSP Global (TSE:WSP) Given New C$280.00 Price Target at CIBC

WSP Global (TSE:WSP) had its price target lifted by equities researchers at CIBC from C$264.00 to C$280.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 11.71% from the company’s current price.

A number of other brokerages have also recently commented on WSP. Stifel Nicolaus increased their price objective on shares of WSP Global from C$260.00 to C$285.00 in a research note on Friday, October 4th. TD Securities raised their price objective on shares of WSP Global from C$273.00 to C$279.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. ATB Capital lifted their price objective on WSP Global from C$235.00 to C$250.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. National Bankshares set a C$255.00 target price on WSP Global and gave the company an “outperform” rating in a report on Monday, August 19th. Finally, Royal Bank of Canada boosted their price target on WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$268.27.

WSP Global Price Performance

Shares of TSE:WSP opened at C$250.64 on Friday. The firm has a market capitalization of C$31.25 billion, a price-to-earnings ratio of 52.44, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04. The business’s 50 day simple moving average is C$247.25 and its 200-day simple moving average is C$229.65. WSP Global has a 12 month low of C$180.73 and a 12 month high of C$259.60.

WSP Global (TSE:WSP) last posted its earnings results on Wednesday, November 6th. The company reported C$2.24 EPS for the quarter, hitting analysts’ consensus estimates of C$2.24. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. The company had revenue of C$3 billion for the quarter, compared to the consensus estimate of C$3 billion. As a group, equities analysts forecast that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

About WSP Global

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