WSP Global (TSE:WSP) Price Target Cut to C$180.00

WSP Global (TSE:WSP – Get Rating) had its price target dropped by equities research analysts at TD Securities from C$210.00 to C$180.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 34.13% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on WSP. BMO Capital Markets began coverage on shares of WSP Global in a research note on Friday, March 11th. They set a “buy” rating and a C$186.00 price target on the stock. National Bank Financial raised shares of WSP Global from a “sector perform overweight” rating to an “outperform overweight” rating in a research note on Sunday, February 27th. Royal Bank of Canada increased their target price on shares of WSP Global from C$197.00 to C$201.00 and gave the company an “outperform” rating in a research note on Friday, March 11th. Canaccord Genuity Group increased their target price on shares of WSP Global from C$190.00 to C$200.00 in a research note on Friday, March 11th. Finally, Scotiabank reduced their target price on shares of WSP Global from C$185.00 to C$170.00 in a research note on Thursday. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$185.25.

WSP stock opened at C$134.20 on Friday. WSP Global has a one year low of C$130.16 and a one year high of C$187.94. The company’s fifty day moving average price is C$158.21 and its 200-day moving average price is C$167.20. The company has a debt-to-equity ratio of 59.96, a quick ratio of 1.05 and a current ratio of 1.15. The company has a market capitalization of C$15.81 billion and a PE ratio of 33.14.

WSP Global (TSE:WSP – Get Rating) last released its quarterly earnings results on Wednesday, March 9th. The company reported C$1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.33 by C$0.13. The business had revenue of C$2.15 billion for the quarter, compared to analysts’ expectations of C$2.08 billion. On average, research analysts predict that WSP Global will post 6.4299997 EPS for the current fiscal year.

WSP Global Company Profile (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.

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