National Bank Financial Cuts WSP Global (TSE:WSP) Price Target to C$268.00

WSP Global (TSE:WSP) had its target price lowered by equities researchers at National Bank Financial from C$309.00 to C$268.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 22.00% from the company’s current price.

WSP has been the subject of several other reports. Royal Bank Of Canada lifted their price target on shares of WSP Global from C$316.00 to C$325.00 in a report on Friday, February 27th. Canadian Imperial Bank of Commerce lifted their price target on shares of WSP Global from C$342.00 to C$343.00 in a report on Monday, March 2nd. Scotiabank cut their price target on shares of WSP Global from C$320.00 to C$284.00 and set an “outperform” rating for the company in a report on Friday, February 27th. TD Securities cut their price target on shares of WSP Global from C$335.00 to C$311.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Finally, Raymond James Financial lifted their price target on shares of WSP Global from C$310.00 to C$340.00 in a report on Sunday, January 4th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to data from MarketBeat.com, WSP Global presently has an average rating of “Buy” and an average price target of C$324.45.

WSP Global Price Performance

Shares of WSP Global stock traded up C$3.85 during trading on Wednesday, hitting C$219.68. 240,941 shares of the company’s stock traded hands, compared to its average volume of 504,681. The company has a debt-to-equity ratio of 59.38, a current ratio of 1.27 and a quick ratio of 1.04. The firm’s fifty day moving average price is C$232.36 and its 200 day moving average price is C$250.79. WSP Global has a twelve month low of C$210.86 and a twelve month high of C$291.46. The company has a market cap of C$29.62 billion, a PE ratio of 29.85, a PEG ratio of 1.09 and a beta of 0.30.

WSP Global (TSE:WSP) last issued its earnings results on Wednesday, February 25th. The company reported C$2.65 earnings per share 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 for the quarter. Analysts forecast that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Company Profile

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).