BMO Capital Markets Cuts WSP Global (TSE:WSP) Price Target to C$275.00

WSP Global (TSE:WSP) had its price target reduced by investment analysts at BMO Capital Markets from C$280.00 to C$275.00 in a research note issued to investors on Wednesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 60.30% from the stock’s current price.

Several other brokerages have also commented on WSP. Canadian Imperial Bank of Commerce dropped their price target on shares of WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a research note on Wednesday, July 8th. ATB Cormark Capital Markets reduced their price objective on shares of WSP Global from C$330.00 to C$325.00 and set an “outperform” rating for the company in a research 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 on the stock in a research report on Friday, July 10th. National Bank Financial decreased their price objective on WSP Global from C$219.00 to C$216.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Desjardins cut their target price 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. One investment analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$289.62.

WSP Global Trading Down 5.8%

WSP opened at C$171.55 on Wednesday. WSP Global has a one year low of C$156.64 and a one year high of C$290.23. The company has a market cap of C$23.13 billion, a P/E ratio of 24.47, a PEG ratio of 1.09 and a beta of 0.30. The company has a debt-to-equity ratio of 84.47, a quick ratio of 1.04 and a current ratio of 1.20. The business’s 50-day simple moving average is C$183.54 and its 200-day simple moving average is C$194.49.

WSP Global (TSE:WSP) last issued its earnings results on Wednesday, August 5th. The company reported C$2.88 earnings per share for the quarter. The business had revenue of C$5.40 billion for the quarter. WSP Global had a return on equity of 9.52% and a net margin of 4.81%. As a group, equities research analysts expect that WSP Global will post 9.5687404 EPS for the current fiscal year.

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).