Scotiabank Lowers WSP Global (TSE:WSP) Price Target to C$284.00

WSP Global (TSE:WSP) had its target price decreased by Scotiabank from C$320.00 to C$284.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 24.87% from the stock’s previous close.

Other research analysts also recently issued reports about the company. National Bank Financial upped their price objective on WSP Global from C$301.00 to C$304.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. ATB Cormark Capital Markets cut shares of WSP Global from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, February 20th. Canadian Imperial Bank of Commerce reduced their target price on shares of WSP Global from C$349.00 to C$342.00 in a research note on Friday, November 7th. Desjardins raised their price target on shares of WSP Global from C$346.00 to C$375.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. Finally, Raymond James Financial boosted their price objective on WSP Global from C$310.00 to C$340.00 in a research report on Sunday, January 4th. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$324.50.

WSP Global Stock Performance

WSP traded down C$8.82 on Friday, hitting C$227.44. 469,885 shares of the company’s stock were exchanged, compared to its average volume of 456,997. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The stock has a fifty day moving average of C$252.64 and a two-hundred day moving average of C$262.82. WSP Global has a twelve month low of C$213.18 and a twelve month high of C$291.46. The firm has a market cap of C$30.66 billion, a PE ratio of 34.05, a P/E/G ratio of 1.09 and a beta of 0.47.

WSP Global Company Profile

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).