UBS Group Raises WSP Global (TSE:WSP) Price Target to C$285.00

WSP Global (TSE:WSP) had its price target raised by UBS Group from C$274.00 to C$285.00 in a note issued to investors on Wednesday,BayStreet.CA reports. UBS Group’s price objective would suggest a potential upside of 14.96% from the company’s current price.

A number of other analysts have also recently issued reports on WSP. Raymond James lifted 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 research note on Thursday, January 30th. Canaccord Genuity Group lifted their price objective on shares of WSP Global from C$290.00 to C$305.00 in a research note on Friday, February 28th. Stifel Nicolaus increased their target price on shares of WSP Global from C$295.00 to C$310.00 in a research report on Tuesday, February 18th. Scotiabank boosted their price target on WSP Global from C$281.00 to C$283.00 in a research report on Wednesday, February 19th. Finally, CIBC increased their price objective on WSP Global from C$293.00 to C$295.00 in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, WSP Global presently has an average rating of “Buy” and an average target price of C$284.85.

WSP Global Stock Up 0.4 %

WSP stock traded up C$1.02 during mid-day trading on Wednesday, hitting C$247.92. The stock had a trading volume of 87,067 shares, compared to its average volume of 226,514. The stock has a market capitalization of C$31.99 billion, a price-to-earnings ratio of 47.38, a PEG ratio of 1.09 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. WSP Global has a 1-year low of C$201.24 and a 1-year high of C$264.87. The company has a fifty day moving average of C$251.34 and a 200 day moving average of C$244.15.

About WSP Global

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).