Canadian Imperial Bank of Commerce Has Lowered Expectations for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price objective decreased by stock analysts at Canadian Imperial Bank of Commerce from C$318.00 to C$266.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 53.50% from the company’s current price.

Several other equities research analysts have also issued reports on WSP. Desjardins decreased their price target on shares of WSP Global from C$375.00 to C$372.00 and set a “buy” rating on the stock in a report on Friday, May 8th. National Bank Financial lifted their price target on WSP Global from C$268.00 to C$272.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. ATB Cormark Capital Markets reduced their price objective on shares of WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Scotiabank lifted their price objective on WSP Global from C$284.00 to C$286.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Finally, TD cut their price target on shares of WSP Global from C$308.00 to C$307.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$309.08.

WSP Global Price Performance

WSP Global stock traded down C$1.15 during trading hours on Wednesday, reaching C$173.29. 201,960 shares of the stock were exchanged, compared to its average volume of 503,830. The stock has a 50 day moving average of C$191.61 and a two-hundred day moving average of C$222.70. The company has a market cap of C$23.36 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 1.09 and a beta of 0.20. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 87.04. WSP Global has a twelve month low of C$170.59 and a twelve month high of C$291.46.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. The business had revenue of C$4.55 billion for the quarter. Equities analysts expect that WSP Global will post 9.5687404 EPS for the current fiscal year.

Insider Activity at WSP Global

In other WSP Global news, Director Pascale Sourisse bought 364 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was bought at an average cost of C$172.02 per share, with a total value of C$62,615.28. Following the completion of the transaction, the director directly owned 888 shares in the company, valued at approximately C$152,753.76. The trade was 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).