WSP Global (TSE:WSP) Rating Increased to Strong-Buy at Scotiabank

WSP Global (TSE:WSP) was upgraded by equities researchers at Scotiabank to a “strong-buy” rating in a note issued to investors on Friday, Zacks.com reports.

Several other equities analysts also recently issued reports on WSP. Raymond James upped their target price on WSP Global from C$255.00 to C$270.00 and gave the company a “strong-buy” rating in a research report on Tuesday, August 20th. Canaccord Genuity Group increased their target price on shares of WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. ATB Capital boosted their price target on shares of WSP Global from C$235.00 to C$250.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Royal Bank of Canada increased their target price on WSP Global from C$252.00 to C$261.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Finally, Desjardins raised their price target on shares of WSP Global from C$249.00 to C$257.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, WSP Global has an average rating of “Buy” and an average price target of C$258.25.

WSP Global Stock Performance

The firm has a 50-day moving average of C$235.43 and a two-hundred day moving average of C$221.34. WSP Global has a fifty-two week low of C$174.39 and a fifty-two week high of C$253.45. 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 stock has a market cap of C$30.97 billion, a P/E ratio of 52.15, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.90 by C($0.01). WSP Global had a return on equity of 9.40% and a net margin of 4.03%. The firm had revenue of C$2.99 billion during the quarter, compared to analysts’ expectations of C$2.93 billion. Research analysts predict that WSP Global will post 9.5687404 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, 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.