TD Securities Cuts WSP Global (TSE:WSP) Price Target to C$311.00

WSP Global (TSE:WSP) had its price objective reduced by equities research analysts at TD Securities from C$335.00 to C$311.00 in a research note issued on Tuesday,BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 41.91% from the stock’s previous close.

Several other brokerages also recently issued reports on WSP. Scotiabank upped their price objective on shares of WSP Global from C$318.00 to C$320.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. BMO Capital Markets raised their price objective on WSP Global from C$335.00 to C$338.00 in a report on Monday, January 5th. Royal Bank Of Canada lowered their price objective on WSP Global from C$318.00 to C$316.00 in a research report on Friday, November 7th. National Bank Financial upped their target price on WSP Global from C$301.00 to C$304.00 and gave the company an “outperform” rating in a research note on Tuesday, December 23rd. Finally, Raymond James Financial raised their price target on WSP Global from C$310.00 to C$340.00 in a research note on Sunday, January 4th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$328.83.

WSP Global Trading Up 1.4%

TSE:WSP traded up C$2.96 on Tuesday, reaching C$219.16. The stock had a trading volume of 364,514 shares, compared to its average volume of 437,896. WSP Global has a 12-month low of C$213.18 and a 12-month high of C$291.46. The company has a market cap of C$29.54 billion, a price-to-earnings ratio of 32.81, a P/E/G ratio of 1.09 and a beta of 0.47. The firm’s fifty day moving average is C$253.76 and its two-hundred day moving average is C$263.71. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04.

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).