WSP Global (TSE:WSP) Given New C$369.00 Price Target at Desjardins

WSP Global (TSE:WSPGet Free Report) had its price objective cut by Desjardins from C$372.00 to C$369.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 96.51% from the stock’s previous close.

Several other analysts have also recently commented on WSP. ATB Cormark Capital Markets reduced their price objective on shares of WSP Global from C$330.00 to C$325.00 and set an “outperform” rating for the company in a research note on Friday. BMO Capital Markets increased their target price on shares of WSP Global from C$272.00 to C$280.00 and gave the company an “outperform” rating in a report on Thursday. Scotiabank reduced their price target on shares of 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. National Bank Financial decreased their price target on WSP Global from C$272.00 to C$207.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Stifel Nicolaus lowered their price target on WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$297.17.

Get Our Latest Stock Analysis on WSP

WSP Global Price Performance

WSP stock traded down C$4.78 on Friday, reaching C$187.78. 621,937 shares of the company’s stock were exchanged, compared to its average volume of 525,910. The stock has a fifty day moving average of C$177.73 and a 200-day moving average of C$210.19. The firm has a market cap of C$25.32 billion, a PE ratio of 25.62, a P/E/G ratio of 1.09 and a beta of 0.19. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 87.04. WSP Global has a twelve month low of C$156.64 and a twelve month high of C$291.46.

WSP Global (TSE:WSPGet Free Report) last released its earnings results on Wednesday, August 5th. The company reported C$2.88 EPS for the quarter. The company had revenue of C$5.40 billion during the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%. As a group, equities analysts predict that WSP Global will post 9.5687404 EPS for the current fiscal year.

Insider Buying and Selling

In other WSP Global news, Director Pascale Sourisse bought 364 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was purchased at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the acquisition, the director owned 888 shares of the company’s stock, valued at C$152,753.76. The trade was a 69.47% increase in their position. Insiders own 0.06% of the company’s stock.

WSP Global Company Profile

(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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