WSP Global (TSE:WSP – Get Free Report) had its price objective reduced by investment analysts at Scotiabank from C$286.00 to C$281.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 62.70% from the stock’s previous close.
A number of other brokerages have also recently weighed in on WSP. ATB Cormark Capital Markets dropped their price target on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. BMO Capital Markets decreased their price objective on shares of WSP Global from C$334.00 to C$305.00 in a research report on Friday, May 8th. Canaccord Genuity Group dropped their target price on shares of WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a report on Friday, May 8th. National Bank Financial lifted their target price on shares of WSP Global from C$268.00 to C$272.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reduced their price target on shares of WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$308.67.
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WSP Global Price Performance
WSP Global (TSE:WSP – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 earnings per share for the quarter. The firm had revenue of C$4.55 billion during the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%. On average, analysts forecast that WSP Global will post 9.5687404 EPS for the current year.
Insider Activity
In other news, Director Pascale Sourisse purchased 364 shares of the stock in a transaction dated Wednesday, June 24th. The stock was acquired at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the completion of the acquisition, the director directly owned 888 shares in the company, valued at C$152,753.76. This represents a 69.47% increase in their position. 0.06% of the stock is owned by corporate insiders.
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).
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