National Bank Financial Has Lowered Expectations for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its target price dropped by analysts at National Bank Financial from C$219.00 to C$216.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 25.91% from the company’s current price.

Several other research firms have also recently commented on WSP. Desjardins dropped their target price on shares of WSP Global from C$372.00 to C$369.00 and set a “buy” rating for the company in a research report on Friday, August 7th. BMO Capital Markets boosted their price target on shares of WSP Global from C$272.00 to C$280.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. TD decreased their price target on shares of WSP Global from C$307.00 to C$255.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Royal Bank Of Canada raised their price objective on shares of WSP Global from C$300.00 to C$304.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, Scotia cut their price objective on WSP Global from C$281.00 to C$279.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$289.62.

WSP Global Stock Performance

Shares of WSP stock opened at C$171.55 on Wednesday. The stock has a fifty day moving average of C$183.54 and a 200 day moving average of C$194.49. WSP Global has a 52 week low of C$156.64 and a 52 week high of C$290.23. The firm has a market capitalization of C$23.13 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 1.09 and a beta of 0.30. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 84.47.

WSP Global (TSE:WSP) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$2.88 earnings per share for the quarter. The business had revenue of C$5.40 billion for the quarter. WSP Global had a net margin of 4.81% and a return on equity of 9.52%. As a group, research analysts expect that WSP Global will post 9.5687404 earnings per share for the current year.

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).