WSP Global (WSP) Price Target Raised to C$63.00 at CIBC

WSP Global (TSE:WSP) had its target price upped by stock analysts at CIBC from C$57.00 to C$63.00 in a research note issued to investors on Tuesday. The firm presently has a “neutral” rating on the stock. CIBC’s target price suggests a potential upside of 2.01% from the stock’s previous close.

A number of other brokerages have also recently issued reports on WSP. Canaccord Genuity increased their price objective on shares of WSP Global from C$54.00 to C$58.00 in a research note on Monday, November 13th. Scotiabank increased their price objective on shares of WSP Global from C$58.00 to C$62.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Raymond James Financial increased their price objective on shares of WSP Global from C$60.00 to C$66.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Royal Bank of Canada restated an “outperform” rating and issued a C$64.00 price objective on shares of WSP Global in a research note on Monday, October 23rd. Finally, TD Securities increased their price objective on shares of WSP Global from C$59.00 to C$67.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$61.25.

WSP Global (WSP) opened at C$61.76 on Tuesday. WSP Global has a one year low of C$43.56 and a one year high of C$61.98. The stock has a market cap of $6,370.00, a price-to-earnings ratio of 26.51 and a beta of 0.66.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, November 8th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.85 by C$0.03. WSP Global had a net margin of 4.44% and a return on equity of 9.97%.

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About WSP Global

Wsp Global Inc is a Canada-based professional services company. The Company’s segments are Canada, Americas, EMEIA (Europe, Middle East, India and Africa) and APAC (Asia Pacific, including primarily Asia and Australia). It offers services in project delivery and consulting. It offers various project services throughout the project execution phases.

Analyst Recommendations for WSP Global (TSE:WSP)

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