WSP Global (TSE:WSP) Price Target Lowered to C$272.00 at BMO Capital Markets

WSP Global (TSE:WSP) had its price objective decreased by stock analysts at BMO Capital Markets from C$278.00 to C$272.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 56.32% from the company’s current price.

A number of other analysts have also weighed in on WSP. Canadian Imperial Bank of Commerce reduced their price objective on shares of 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. Desjardins decreased their price target on shares of WSP Global from C$375.00 to C$372.00 and set a “buy” rating for the company in a research report on Friday, May 8th. National Bank Financial cut their price objective on shares of WSP Global from C$272.00 to C$207.00 and set an “outperform” rating on the stock in a report on Monday. TD cut their price objective on shares of WSP Global from C$308.00 to C$307.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, Scotiabank lowered 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 report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$300.50.

WSP Global Price Performance

Shares of WSP Global stock traded up C$1.00 during trading hours on Tuesday, hitting C$174.00. The company’s stock had a trading volume of 311,244 shares, compared to its average volume of 504,152. The business has a 50 day moving average price of C$187.49 and a two-hundred day moving average price of C$220.60. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19. WSP Global has a 12-month low of C$169.20 and a 12-month high of C$291.46. The company has a market cap of C$23.46 billion, a PE ratio of 23.74, a PEG ratio of 1.09 and a beta of 0.20.

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 during the quarter. Analysts expect that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

Insider Buying and Selling at WSP Global

In other news, Director Pascale Sourisse purchased 364 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was bought at an average price of C$172.02 per share, for a total transaction of C$62,615.28. Following the completion of the purchase, the director directly owned 888 shares of the company’s stock, valued at C$152,753.76. The trade was a 69.47% increase in their ownership of the stock. Insiders own 0.06% of the company’s stock.

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).