Stifel Nicolaus Cuts WSP Global (TSE:WSP) Price Target to C$230.00

by · The Markets Daily

WSP Global (TSE:WSP – Free Report) had its price objective decreased by Stifel Nicolaus from C$280.00 to C$230.00 in a research note issued to investors on Wednesday morning,BayStreet reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts also recently commented on WSP. Royal Bank Of Canada boosted their price objective on shares of WSP Global from C$300.00 to C$304.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Scotia dropped their target price on WSP Global from C$281.00 to C$279.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 10th. ATB Cormark Capital Markets cut their price target on WSP Global from C$330.00 to C$325.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. BMO Capital Markets boosted their price target on WSP Global from C$272.00 to C$280.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, 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 research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company’s stock. According to MarketBeat, WSP Global currently has an average rating of “Buy” and a consensus price target of C$289.62.

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WSP Global Trading Up 0.6%

TSE:WSP opened at C$171.99 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 debt-to-equity ratio of 84.47, a quick ratio of 1.04 and a current ratio of 1.20. The firm has a market cap of C$23.19 billion, a P/E ratio of 24.53, a P/E/G ratio of 1.09 and a beta of 0.30. The firm has a 50-day simple moving average of C$183.95 and a 200-day simple moving average of C$193.64.

WSP Global (TSE:WSP – Get Free Report) last announced its quarterly 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 firm had revenue of C$5.40 billion during the quarter. Equities analysts anticipate that WSP Global will post 9.5687404 EPS for the current fiscal year.

WSP Global Company Profile

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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).

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