WSP Global Price Target Raised to C$38.00 at RBC Capital (WSP)

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Investment analysts at RBC Capital lifted their price objective on shares of WSP Global (TSE:WSP) from C$36.00 to C$38.00 in a note issued to investors on Wednesday, American Banking News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target would suggest a potential downside of 0.13% from the company’s current price.

WSP has been the subject of a number of other recent research reports. Analysts at Dundee Securities raised their price target on shares of WSP Global from C$39.00 to C$43.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Laurentian raised their price target on shares of WSP Global from C$40.00 to C$42.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Desjardins downgraded shares of WSP Global from a “buy” rating to a “hold” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. WSP Global currently has an average rating of “Buy” and an average price target of C$40.42.

Shares of WSP Global (TSE:WSP) traded up 0.26% during mid-day trading on Wednesday, hitting $38.15. The stock had a trading volume of 91,771 shares. WSP Global has a 52 week low of $29.00 and a 52 week high of $38.93. The stock’s 50-day moving average is $37.08 and its 200-day moving average is $35.24. The company has a price-to-earnings ratio of 27.57.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.08.

WSP Global Inc is a professional services firm, working with governments, businesses, architects and planners and providing integrated solutions across many disciplines, from designing zero-carbon cities to project managing large-scale infrastructure projects.

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