TD Has Lowered Expectations for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price objective cut by stock analysts at TD from C$307.00 to C$255.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price target suggests a potential upside of 46.43% from the company’s current price.

Several other brokerages also recently issued reports on WSP. National Bank Financial decreased their price target on WSP Global from C$272.00 to C$207.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Canaccord Genuity Group cut their price objective on shares of 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. BMO Capital Markets cut their price target on shares of WSP Global from C$278.00 to C$272.00 in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce reduced their price objective on shares of WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating for the company in a research report on Wednesday, July 8th. Finally, Stifel Nicolaus dropped their target price 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 ten have given a Buy rating to the company’s stock. According to MarketBeat.com, WSP Global presently has a consensus rating of “Buy” and an average target price of C$296.17.

WSP Global Stock Up 1.0%

WSP stock traded up C$1.77 during mid-day trading on Tuesday, reaching C$174.14. 377,498 shares of the company traded hands, compared to its average volume of 513,637. The stock has a market cap of C$23.48 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 1.09 and a beta of 0.20. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 87.04. WSP Global has a fifty-two week low of C$156.64 and a fifty-two week high of C$291.46. The firm’s 50 day moving average price is C$180.49 and its 200 day moving average price is C$215.16.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 EPS for the quarter. The firm had revenue of C$4.55 billion during the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%. As a group, equities research analysts predict that WSP Global will post 9.5687404 EPS for the current fiscal year.

Insider Activity

In other news, Director Pascale Sourisse bought 364 shares of the stock in a transaction on Wednesday, June 24th. The shares were purchased at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the completion of the purchase, the director directly owned 888 shares in the company, valued at C$152,753.76. This represents a 69.47% increase in their position. 0.06% of the stock is currently owned by insiders.

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).