Scotiabank Lowers WSP Global (TSE:WSP) Price Target to C$284.00

WSP Global (TSE:WSP) had its price objective cut by analysts at Scotiabank from C$320.00 to C$284.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 24.87% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada upped their price target on shares of WSP Global from C$316.00 to C$325.00 in a research report on Friday. Raymond James Financial upped their price objective on WSP Global from C$310.00 to C$340.00 in a report on Sunday, January 4th. Canadian Imperial Bank of Commerce reduced their target price on WSP Global from C$349.00 to C$342.00 in a report on Friday, November 7th. National Bank Financial boosted their price target on WSP Global from C$301.00 to C$304.00 and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. Finally, ATB Cormark Capital Markets downgraded WSP Global from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$324.50.

WSP Global Trading Down 3.7%

WSP traded down C$8.82 during midday trading on Friday, hitting C$227.44. The company’s stock had a trading volume of 469,885 shares, compared to its average volume of 456,997. WSP Global has a 52-week low of C$213.18 and a 52-week high of C$291.46. The firm has a 50-day moving average price of C$252.64 and a two-hundred day moving average price of C$262.82. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The firm has a market cap of C$30.66 billion, a P/E ratio of 34.05, a PEG ratio of 1.09 and a beta of 0.47.

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).