ATB Cormark Capital Markets Lowers WSP Global (TSE:WSP) Price Target to C$325.00

WSP Global (TSE:WSP) had its target price decreased by investment analysts at ATB Cormark Capital Markets from C$330.00 to C$325.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price suggests a potential upside of 73.07% from the company’s current price.

Several other equities research analysts have also recently issued reports on WSP. BMO Capital Markets lifted their target price on WSP Global from C$272.00 to C$280.00 and gave the stock an “outperform” rating in a report on Thursday. Scotiabank dropped their target price on WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating for the company in a report on Friday, July 10th. Canaccord Genuity Group decreased their price target on WSP Global from C$345.00 to C$315.00 and set a “buy” rating on the stock in a report on Friday, May 8th. National Bank Financial lowered their price target on WSP Global from C$272.00 to C$207.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Finally, Stifel Nicolaus cut their price objective on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$297.17.

WSP Global Stock Performance

TSE WSP traded down C$4.78 on Friday, reaching C$187.78. 621,937 shares of the stock were exchanged, compared to its average volume of 525,910. The firm has a market capitalization of C$25.32 billion, a PE ratio of 25.62, a PEG ratio of 1.09 and a beta of 0.19. WSP Global has a one year low of C$156.64 and a one year high of C$291.46. The company’s 50-day simple moving average is C$177.73 and its two-hundred day simple moving average is C$210.19. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 87.04.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, August 5th. The company reported C$2.88 earnings per share for the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. The company had revenue of C$5.40 billion for the quarter. Analysts expect that WSP Global will post 9.5687404 EPS for the current fiscal year.

Insider Buying and Selling at WSP Global

In other WSP Global news, Director Pascale Sourisse bought 364 shares of the firm’s 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 transaction, the director owned 888 shares in the company, valued at C$152,753.76. This trade represents a 69.47% increase in their ownership of the stock. Company insiders own 0.06% of the company’s stock.

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).