WSP Global (TSE:WSP) PT Lowered to C$170.00 at Scotiabank

WSP Global (TSE:WSP – Get Rating) had its price objective cut by research analysts at Scotiabank from C$185.00 to C$170.00 in a research note issued on Thursday, BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 26.68% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets began coverage on WSP Global in a research report on Friday, March 11th. They issued a “buy” rating and a C$186.00 price objective on the stock. Royal Bank of Canada upped their price objective on WSP Global from C$197.00 to C$201.00 and gave the company an “outperform” rating in a research report on Friday, March 11th. Raymond James set a C$200.00 price objective on WSP Global and gave the company an “outperform” rating in a research report on Thursday, March 10th. National Bank Financial raised WSP Global from a “sector perform overweight” rating to an “outperform overweight” rating in a research report on Sunday, February 27th. Finally, Canaccord Genuity Group upped their price objective on WSP Global from C$190.00 to C$200.00 in a research report on Friday, March 11th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$180.64.

Shares of WSP opened at C$134.20 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.15 and a debt-to-equity ratio of 59.96. The business’s 50 day moving average price is C$158.21 and its 200-day moving average price is C$167.20. WSP Global has a 52 week low of C$130.16 and a 52 week high of C$187.94. The stock has a market cap of C$15.81 billion and a P/E ratio of 33.14.

WSP Global (TSE:WSP – Get Rating) last issued its quarterly earnings results on Wednesday, March 9th. The company reported C$1.46 EPS for the quarter, topping analysts’ consensus estimates of C$1.33 by C$0.13. The company had revenue of C$2.15 billion during the quarter, compared to the consensus estimate of C$2.08 billion. On average, equities analysts anticipate that WSP Global will post 6.4299997 EPS for the current year.

About WSP Global (Get Rating)

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.

See Also