WSP Global (TSE:WSP) Given New C$303.00 Price Target at Royal Bank Of Canada

WSP Global (TSE:WSP) had its price target dropped by investment analysts at Royal Bank Of Canada from C$304.00 to C$303.00 in a research note issued on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 76.62% from the stock’s current price.

WSP has been the subject of several other reports. Scotia lowered their price target on shares of WSP Global from C$281.00 to C$279.00 and set a “sector outperform” rating for the company in a report on Monday, August 10th. TD cut their price objective on WSP Global from C$307.00 to C$255.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Canadian Imperial Bank of Commerce reduced their price objective on WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a research report on Wednesday, July 8th. ATB Cormark Capital Markets lowered their target price on WSP Global from C$330.00 to C$325.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Finally, Scotiabank dropped their target price on WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating for the company in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$289.62.

WSP Global Price Performance

WSP stock opened at C$171.55 on Wednesday. The company has a 50 day simple moving average of C$183.54 and a 200 day simple moving average of C$194.49. The stock has a market cap of C$23.13 billion, a price-to-earnings ratio of 24.47, a P/E/G ratio of 1.09 and a beta of 0.30. WSP Global has a 1 year low of C$156.64 and a 1 year high of C$290.23. The company has a debt-to-equity ratio of 84.47, a current ratio of 1.20 and a quick ratio of 1.04.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$2.88 EPS for the quarter. WSP Global had a net margin of 4.81% and a return on equity of 9.52%. The business had revenue of C$5.40 billion during the quarter. Research analysts anticipate that WSP Global will post 9.5687404 EPS 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).