BMO Capital Markets Forecasts Strong Price Appreciation for WSP Global (TSE:WSP) Stock

WSP Global (TSE:WSP) had its target price hoisted by equities research analysts at BMO Capital Markets from C$280.00 to C$284.00 in a research report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 11.82% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Raymond James upped their target price on shares of WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a report on Thursday, January 30th. Scotiabank upped their target price on shares of WSP Global from C$279.00 to C$281.00 in a report on Monday, February 10th. TD Securities upped their target price on shares of WSP Global from C$300.00 to C$305.00 and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus upped their target price on shares of WSP Global from C$295.00 to C$310.00 in a report on Tuesday. Finally, Royal Bank of Canada increased their price target on shares of WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. One 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. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$281.73.

WSP Global Stock Up 1.9 %

Shares of WSP Global stock traded up C$4.74 during trading hours on Tuesday, hitting C$253.97. The company had a trading volume of 95,817 shares, compared to its average volume of 197,637. The company’s 50-day moving average is C$250.38 and its two-hundred day moving average is C$241.43. WSP Global has a twelve month low of C$201.24 and a twelve month high of C$262.00. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. The company has a market cap of C$32.77 billion, a P/E ratio of 48.53, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82.

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.