Stifel Nicolaus Has Lowered Expectations for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price target decreased by equities research analysts at Stifel Nicolaus from C$320.00 to C$280.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 23.33% from the stock’s previous close.

A number of other brokerages have also weighed in on WSP. BMO Capital Markets upped their target price on shares of WSP Global from C$335.00 to C$338.00 in a research note on Monday, January 5th. Canadian Imperial Bank of Commerce reduced their target price on shares of WSP Global from C$343.00 to C$328.00 in a research note on Thursday, April 9th. Scotiabank upped their target price on shares of WSP Global from C$284.00 to C$286.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. National Bank Financial reduced their target price on shares of WSP Global from C$309.00 to C$268.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Finally, Royal Bank Of Canada upped their target price on shares of WSP Global from C$316.00 to C$325.00 in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, WSP Global currently has an average rating of “Buy” and an average target price of C$318.58.

WSP Global Price Performance

WSP opened at C$227.03 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.27 and a debt-to-equity ratio of 59.38. WSP Global has a 12 month low of C$210.86 and a 12 month high of C$291.46. The company has a fifty day simple moving average of C$223.79 and a 200 day simple moving average of C$245.16. The stock has a market cap of C$30.61 billion, a P/E ratio of 30.85, a P/E/G ratio of 1.09 and a beta of 0.30.

WSP Global (TSE:WSP) last released its quarterly earnings data on Wednesday, February 25th. The company reported C$2.65 EPS for the quarter. WSP Global had a net margin of 5.27% and a return on equity of 10.86%. The business had revenue of C$4.85 billion during the quarter. On average, research analysts expect that WSP Global will post 9.5687404 EPS 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).