WSP Global Receives a Hold from Desjardins

By Carrie Williams

WSP Global (TSX: WSP), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Benoit Poirier from Desjardins remains neutral on the stock and has a C$74 price target.

Poirier has an average return of 25.7% when recommending WSP Global.

According to TipRanks.com, Poirier is ranked #111 out of 4836 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for WSP Global with a C$70.50 average price target, which is a -4.7% downside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a C$68 price target.

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WSP Global’s market cap is currently C$7.65B and has a P/E ratio of 34.5. The company has a Price to Book ratio of 2.49.

WSP Global, Inc. is a professional services company which provides solutions to governments, businesses, architects and planners. It deploys a range of workforce ranging from engineers, technicians, scientists, planners, surveyors, environmental specialists, as well as other design, program, and construction management professionals.

The company’s shares closed on Tuesday at C$73.94, close to its 52-week high of C$75.42.