Canadian Imperial Bank of Commerce Lowers WSP Global (TSE:WSP) Price Target to C$318.00

WSP Global (TSE:WSP) had its target price cut by research analysts at Canadian Imperial Bank of Commerce from C$328.00 to C$318.00 in a report issued on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target suggests a potential upside of 47.88% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. TD lowered their price target on shares of WSP Global from C$308.00 to C$307.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. BMO Capital Markets reduced their target price on shares of WSP Global from C$334.00 to C$305.00 in a report on Friday. Royal Bank Of Canada upped their target price on shares of WSP Global from C$316.00 to C$325.00 in a report on Friday, February 27th. Scotiabank increased their price objective on shares of WSP Global from C$284.00 to C$286.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Finally, Stifel Nicolaus dropped their target price on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat.com, WSP Global presently has a consensus rating of “Buy” and a consensus price target of C$313.42.

WSP Global Stock Down 4.1%

TSE:WSP traded down C$9.14 during midday trading on Friday, reaching C$215.04. 323,636 shares of the stock traded hands, compared to its average volume of 481,277. The business has a 50-day moving average of C$224.11 and a two-hundred day moving average of C$243.52. WSP Global has a 12-month low of C$210.86 and a 12-month high of C$291.46. The stock has a market capitalization of C$28.99 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 1.09 and a beta of 0.28. The company has a debt-to-equity ratio of 59.38, a quick ratio of 1.04 and a current ratio of 1.27.

WSP Global (TSE:WSP) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. The company had revenue of C$4.55 billion during the quarter. WSP Global had a net margin of 5.27% and a return on equity of 10.86%. On average, equities analysts forecast that WSP Global will post 9.5687404 earnings per share for the current fiscal 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).