Stifel Nicolaus Has Lowered Expectations for WSP Global (TSE:WSP) Stock Price

Key Points

• Stifel Nicolaus lowered its price target for WSP Global from C$280 to C$230 while maintaining a “buy” rating, implying about 34% upside from the prior close.
• Despite several recent target reductions, analyst sentiment remains positive: WSP has an overall “Buy” rating and an average price target of C$289.62.
• WSP shares opened at C$171.55, well below their 52-week high of C$290.23. The company recently reported quarterly revenue of C$5.40 billion and earnings of C$2.88 per share.

WSP Global (TSE:WSP - Get Free Report) had its price target decreased by Stifel Nicolaus from C$280.00 to C$230.00 in a note issued to investors on Wednesday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target would suggest a potential upside of 34.07% from the company's previous close.

WSP has been the subject of several other reports. National Bank Financial reduced their target price on WSP Global from C$219.00 to C$216.00 and set an "outperform" rating for the company in a research report on Wednesday. Royal Bank Of Canada upped their target price on shares of WSP Global from C$300.00 to C$304.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. TD decreased their price objective on WSP Global from C$307.00 to C$255.00 and set a "buy" rating on the stock in a report on Tuesday, July 28th. Scotiabank cut their target price on WSP Global from C$286.00 to C$281.00 and set a "sector outperform" rating for the company in a research report on Friday, July 10th. Finally, Scotia cut their price objective on WSP Global from C$281.00 to C$279.00 and set a "sector outperform" rating for the company in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$289.62.

WSP Global Stock Performance

TSE WSP opened at C$171.55 on Wednesday. The company's fifty day moving average is C$183.54 and its two-hundred day moving average is C$194.49. WSP Global has a 52-week low of C$156.64 and a 52-week high of C$290.23. The company has a debt-to-equity ratio of 84.47, a current ratio of 1.20 and a quick ratio of 1.04. The firm has a market capitalization of C$23.13 billion, a price-to-earnings ratio of 24.47, a P/E/G ratio of 1.09 and a beta of 0.30.

WSP Global (TSE:WSP - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported C$2.88 earnings per share for the quarter. WSP Global had a return on equity of 9.52% and a net margin of 4.81%.The business had revenue of C$5.40 billion for the quarter. Equities research analysts forecast that WSP Global will post 9.5687404 EPS for the current year.

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).

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