WSP Global (TSE:WSP) Price Target Cut to C$318.00 by Analysts at Canadian Imperial Bank of Commerce

WSP Global (TSE:WSP) had its price target decreased by investment analysts at Canadian Imperial Bank of Commerce from C$328.00 to C$318.00 in a report released on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target would indicate a potential upside of 47.88% from the stock’s current price.

Several other research firms have also commented on WSP. Stifel Nicolaus dropped their price target on WSP Global from C$320.00 to C$280.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. BMO Capital Markets dropped their price target on WSP Global from C$334.00 to C$305.00 in a research report on Friday. ATB Cormark Capital Markets lowered WSP Global from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, February 20th. National Bank Financial dropped their price target on WSP Global from C$309.00 to C$268.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Finally, Royal Bank Of Canada lifted their price target on WSP Global from C$316.00 to C$325.00 in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to MarketBeat.com, WSP Global presently has a consensus rating of “Buy” and a consensus price target of C$313.42.

WSP Global Price Performance

Shares of WSP Global stock traded down C$9.14 during trading on Friday, reaching C$215.04. 323,636 shares of the stock traded hands, compared to its average volume of 481,277. The company has a market capitalization of C$28.99 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 1.09 and a beta of 0.28. The business has a fifty day simple moving average of C$224.11 and a two-hundred day simple moving average of C$243.52. The company has a debt-to-equity ratio of 59.38, a current ratio of 1.27 and a quick ratio of 1.04. WSP Global has a 52-week low of C$210.86 and a 52-week high of C$291.46.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 earnings per share for the quarter. The firm had revenue of C$4.55 billion during the quarter. WSP Global had a return on equity of 10.86% and a net margin of 5.27%. Sell-side analysts expect that WSP Global will post 9.5687404 EPS for the current 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).