Scotiabank Lowers WSP Global (TSE:WSP) Price Target to C$281.00

WSP Global (TSE:WSPGet 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.

Get Our Latest Stock Report on WSP Global

WSP Global Price Performance

Shares of TSE:WSP traded up C$1.42 during trading on Friday, hitting C$172.71. 157,110 shares of the stock were exchanged, compared to its average volume of 503,069. The company has a market cap of C$23.28 billion, a PE ratio of 23.56, a P/E/G ratio of 1.09 and a beta of 0.20. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 87.04. The company has a fifty day moving average price of C$189.55 and a two-hundred day moving average price of C$221.69. WSP Global has a 12-month low of C$170.50 and a 12-month high of C$291.46.

WSP Global (TSE:WSPGet 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

(Get Free Report)

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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