National Bank Financial Downgrades WSP Global Inc (WSP) to Sector Perform
WSP Global Inc (TSE:WSP) was downgraded by equities researchers at National Bank Financial from an “outperform” rating to a “sector perform” rating in a note issued to investors on Monday.
A number of other equities analysts have also recently issued reports on WSP. Canaccord Genuity boosted their price objective on shares of WSP Global from C$44.00 to C$45.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Scotiabank restated an “outperform” rating and issued a C$46.00 price objective on shares of WSP Global in a research report on Thursday, August 4th. TD Securities restated a “buy” rating and issued a C$49.00 price objective on shares of WSP Global in a research report on Thursday, August 4th. Royal Bank Of Canada restated an “outperform” rating and issued a C$45.00 price objective on shares of WSP Global in a research report on Monday, September 19th. Finally, BMO Capital Markets boosted their price objective on shares of WSP Global from C$41.50 to C$43.00 and gave the company a “market perform” rating in a research report on Wednesday, September 21st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$46.41.
WSP Global (TSE:WSP) opened at 46.54 on Monday. The company has a 50-day moving average of $44.04 and a 200 day moving average of $42.10. WSP Global has a 12 month low of $35.11 and a 12 month high of $48.50. The company has a market cap of $4.72 billion and a PE ratio of 29.53.
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About WSP Global
WSP Global Inc is a professional services company. The Company’s segments are Canada, Americas (US and South America), EMEIA (Europe, Middle East, India and Africa) and APAC (Asia Pacific, including primarily Asia and Australia). It offers services in project delivery and consulting. It offers various project services throughout the project execution phases.
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