WSP Global (TSE:WSP) Price Target Increased to C$104.00 by Analysts at CIBC

WSP Global (TSE:WSP) had its price target increased by CIBC from C$89.00 to C$104.00 in a research note issued to investors on Wednesday, BayStreet.CA reports.

Several other brokerages have also recently issued reports on WSP. Canaccord Genuity lifted their target price on shares of WSP Global from C$88.00 to C$95.00 in a research note on Monday. Scotiabank lifted their target price on shares of WSP Global from C$85.00 to C$95.00 in a research note on Wednesday. Raymond James reaffirmed an outperform rating and set a C$90.00 target price on shares of WSP Global in a research note on Wednesday, November 6th. BMO Capital Markets lifted their target price on shares of WSP Global from C$76.00 to C$81.00 in a research note on Thursday, November 7th. Finally, National Bank Financial lifted their target price on shares of WSP Global from C$92.00 to C$98.00 and gave the stock an outperform rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of C$92.15.

WSP traded down C$0.13 on Wednesday, hitting C$93.97. 96,165 shares of the company’s stock were exchanged, compared to its average volume of 176,732. WSP Global has a fifty-two week low of C$62.56 and a fifty-two week high of C$95.19. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 77.45. The firm has a 50-day moving average price of C$89.04 and a 200-day moving average price of C$79.77. The stock has a market cap of $9.92 billion and a price-to-earnings ratio of 34.27.

WSP Global (TSE:WSP) last announced its earnings results on Tuesday, November 5th. The company reported C$0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.11 by C($0.16). The business had revenue of C$2.22 billion for the quarter, compared to the consensus estimate of C$1.72 billion. On average, equities analysts predict that WSP Global will post 4.07 EPS for the current year.

In other news, Senior Officer David Langlois sold 2,217 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$85.68, for a total transaction of C$189,943.91. Following the transaction, the insider now owns 1,548 shares of the company’s stock, valued at approximately C$132,626.60. Also, Director Birgit Norgaard purchased 1,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of C$86.10 per share, for a total transaction of C$86,100.00. Following the transaction, the director now owns 4,000 shares in the company, valued at approximately C$344,400.

About WSP Global

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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