National Bank Financial Has Lowered Expectations for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price target reduced by investment analysts at National Bank Financial from C$272.00 to C$207.00 in a report released on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 20.13% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. ATB Cormark Capital Markets decreased their price target on shares of WSP Global from C$335.00 to C$330.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. TD reduced their target price on shares of WSP Global from C$308.00 to C$307.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Desjardins lowered 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 research note on Friday, May 8th. Scotiabank cut their price target 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. Finally, Canaccord Genuity Group reduced their price objective on shares of WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$303.25.

WSP Global Stock Down 0.3%

Shares of WSP traded down C$0.52 during midday trading on Monday, hitting C$172.31. The stock had a trading volume of 246,132 shares, compared to its average volume of 503,568. The firm has a market cap of C$23.23 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 1.09 and a beta of 0.20. The company has a 50 day simple moving average of C$188.55 and a two-hundred day simple moving average of C$221.15. WSP Global has a twelve month low of C$170.50 and a twelve month high of C$291.46. The company has a debt-to-equity ratio of 87.04, a current ratio of 1.19 and a quick ratio of 1.04.

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

Insider Activity at WSP Global

In related news, Director Pascale Sourisse acquired 364 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was bought at an average price of C$172.02 per share, with a total value of C$62,615.28. Following the acquisition, the director owned 888 shares in the company, valued at C$152,753.76. This represents a 69.47% increase in their position. Insiders own 0.06% of the company’s stock.

WSP Global Company Profile

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).