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

WSP Global (TSE:WSP) had its target price reduced by BMO Capital Markets from C$280.00 to C$275.00 in a research note issued to investors on Wednesday morning,BayStreet reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus lowered their target price on shares of WSP Global from C$280.00 to C$230.00 and set a “buy” rating on the stock in a research note on Wednesday. ATB Cormark Capital Markets cut their price target on WSP Global from C$330.00 to C$325.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Scotiabank reduced their price target on 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. Canadian Imperial Bank of Commerce lowered their price target on WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a research report on Wednesday, July 8th. Finally, Scotia dropped their price objective on WSP Global from C$281.00 to C$279.00 and set a “sector outperform” rating on the stock in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$289.62.

WSP Global Stock Performance

Shares of TSE WSP opened at C$171.99 on Wednesday. The company’s fifty day moving average price is C$183.95 and its 200 day moving average price is C$193.64. WSP Global has a 1 year low of C$156.64 and a 1 year high of C$290.23. The company has a market capitalization of C$23.19 billion, a PE ratio of 24.53, a price-to-earnings-growth 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.

WSP Global (TSE:WSP) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$2.88 EPS 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 for the quarter. On average, research analysts predict that WSP Global will post 9.5687404 earnings per share 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).