Royal Bank Of Canada Cuts WSP Global (TSE:WSP) Price Target to C$303.00

WSP Global (TSE:WSP) had its target price decreased by Royal Bank Of Canada from C$304.00 to C$303.00 in a research note published on Wednesday morning,BayStreet reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other brokerages have also commented on WSP. Desjardins decreased their price objective on shares of WSP Global from C$372.00 to C$369.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Scotiabank dropped their target price on shares of WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating for the company in a report on Friday, July 10th. Stifel Nicolaus cut their target price on WSP Global from C$280.00 to C$230.00 and set a “buy” rating on the stock in a research report on Wednesday. BMO Capital Markets decreased their price target on WSP Global from C$280.00 to C$275.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, TD decreased their price target on WSP Global from C$307.00 to C$255.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$289.62.

WSP Global Trading Up 0.6%

TSE WSP opened at C$171.99 on Wednesday. The firm’s 50-day moving average is C$183.95 and its two-hundred day moving average is C$193.64. WSP Global has a 12 month low of C$156.64 and a 12 month high of C$290.23. The company has a debt-to-equity ratio of 84.47, a current ratio of 1.20 and a quick ratio of 1.04. The stock has a market capitalization of C$23.19 billion, a P/E ratio of 24.53, a PEG ratio of 1.09 and a beta of 0.30.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, August 5th. The company reported C$2.88 earnings per share for the quarter. WSP Global had a net margin of 4.81% and a return on equity of 9.52%. The company had revenue of C$5.40 billion during the quarter. On average, sell-side analysts anticipate that WSP Global will post 9.5687404 earnings per share for the current year.

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).