WSP Global (TSE:WSP) Price Target Cut to C$230.00 by Analysts at Stifel Nicolaus

WSP Global (TSE:WSP) had its price objective decreased by research analysts at Stifel Nicolaus from C$280.00 to C$230.00 in a report released on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 34.07% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Scotiabank reduced their price objective on shares of WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce lowered their target price on shares of WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating for the company in a research note on Wednesday, July 8th. National Bank Financial cut their target price on shares of WSP Global from C$219.00 to C$216.00 and set an “outperform” rating on the stock in a report on Wednesday. Royal Bank Of Canada lifted their price target on shares of WSP Global from C$300.00 to C$304.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, BMO Capital Markets boosted their price target on shares of WSP Global from C$272.00 to C$280.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$289.62.

WSP Global Price Performance

Shares of WSP opened at C$171.55 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 84.47. WSP Global has a 1 year low of C$156.64 and a 1 year high of C$290.23. The stock has a market cap of C$23.13 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 1.09 and a beta of 0.30. The stock’s 50-day moving average price is C$183.54 and its two-hundred day moving average price is C$194.49.

WSP Global (TSE:WSP) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$2.88 EPS for the quarter. The company had revenue of C$5.40 billion during the quarter. WSP Global had a return on equity of 9.52% and a net margin of 4.81%. On average, equities analysts predict that WSP Global will post 9.5687404 earnings per share for the current year.

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).