Royal Bank of Canada Raises WSP Global (WSP) Price Target to C$83.00

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WSP Global (TSE:WSP) had its price target increased by Royal Bank of Canada from C$71.00 to C$83.00 in a report issued on Thursday. The firm currently has an outperform rating on the stock.

WSP has been the subject of a number of other research reports. Raymond James increased their target price on WSP Global from C$66.00 to C$75.00 and gave the company an outperform rating in a research note on Monday, June 4th. Canaccord Genuity increased their target price on WSP Global from C$62.00 to C$67.00 in a research note on Friday, May 11th. TD Securities increased their target price on WSP Global from C$76.00 to C$81.00 and gave the company a buy rating in a research note on Tuesday, July 31st. National Bank Financial increased their target price on WSP Global from C$71.00 to C$71.50 and gave the company a sector perform rating in a research note on Tuesday, July 31st. Finally, Desjardins lowered WSP Global from a buy rating to a hold rating and increased their target price for the company from C$66.00 to C$70.00 in a research note on Friday, May 11th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of C$73.72.

Shares of TSE:WSP opened at C$73.42 on Thursday. WSP Global has a 12 month low of C$48.07 and a 12 month high of C$75.42.

WSP Global (TSE:WSP) last announced its quarterly earnings results on Thursday, May 10th. The company reported C$0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.63 by C$0.03. WSP Global had a return on equity of 9.97% and a net margin of 4.44%. The company had revenue of C$1.91 billion during the quarter, compared to analyst estimates of C$1.50 billion.

WSP Global Company Profile

WSP Global Inc operates as a professional services company in the United States, Canada, the United Kingdom, Sweden, and internationally. The company's Property & Buildings segment provides technical and management consultancy services, such as structural and mechanical, electrical, and plumbing engineering; and a range of specialist services, including fire engineering, lighting design, vertical transportation, acoustics, intelligent building systems, audiovisual systems, information technology, facade engineering, and green building design.

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Analyst Recommendations for WSP Global (TSE:WSP)

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