WSP Global (TSE:WSP) Price Target Cut to C$275.00 by Analysts at BMO Capital Markets

WSP Global (TSE:WSP) had its target price lowered by investment analysts at BMO Capital Markets from C$280.00 to C$275.00 in a report issued on Wednesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 60.30% from the company’s previous close.

WSP has been the subject of a number of other reports. National Bank Financial cut their target price on WSP Global from C$219.00 to C$216.00 and set an “outperform” rating for the company in a research note on Wednesday. Stifel Nicolaus decreased their price target on WSP Global from C$280.00 to C$230.00 and set a “buy” rating on the stock in a research note on Wednesday. ATB Cormark Capital Markets dropped their price objective on WSP Global from C$330.00 to C$325.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Desjardins cut their price objective on WSP Global from C$372.00 to C$369.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, Scotiabank cut their price objective 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 analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to data from MarketBeat, WSP Global currently has a consensus rating of “Buy” and an average price target of C$289.62.

WSP Global Trading Down 5.8%

Shares of WSP Global stock opened at C$171.55 on Wednesday. The firm has a market cap of C$23.13 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 1.09 and a beta of 0.30. WSP Global has a 52-week low of C$156.64 and a 52-week high of C$290.23. The company’s 50-day simple moving average is C$183.54 and its 200-day simple moving average is C$194.49. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 84.47.

WSP Global (TSE:WSP) last announced 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 firm had revenue of C$5.40 billion during the quarter. As a group, equities research analysts anticipate 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).