WSP Global (TSE:WSP) Stock Price Target Cut by Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered WSP Global’s price target slightly from C$304 to C$303 while maintaining an “outperform” rating, implying 76.62% upside from the current price.
• Analyst sentiment remains positive, with one Strong Buy and twelve Buy ratings; MarketBeat reports a consensus rating of “Buy” and an average price target of C$289.62.
• WSP opened at C$171.55 and has declined substantially from its 52-week high of C$290.23. The company reported C$2.88 in quarterly EPS and C$5.40 billion in revenue, with analysts expecting full-year EPS of approximately C$9.57.

WSP Global (TSE:WSP - Get Free Report) had its price target cut by Royal Bank Of Canada from C$304.00 to C$303.00 in a report released on Wednesday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective would indicate a potential upside of 76.62% from the company's current price.

A number of other analysts also recently issued reports on WSP. Desjardins cut their price objective on shares of WSP Global from C$372.00 to C$369.00 and set a "buy" rating for the company in a report on Friday, August 7th. BMO Capital Markets cut their price target on WSP Global from C$280.00 to C$275.00 and set an "outperform" rating for the company in a research note on Wednesday. ATB Cormark Capital Markets reduced their price target on WSP Global from C$330.00 to C$325.00 and set an "outperform" rating on the stock in a research report on Friday, August 7th. Stifel Nicolaus dropped their price objective on WSP Global from C$280.00 to C$230.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Scotia cut their target price on WSP Global from C$281.00 to C$279.00 and set a "sector outperform" rating for the company in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$289.62.

WSP Global Stock Performance

WSP opened at C$171.55 on Wednesday. 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 business has a fifty day simple moving average of C$183.54 and a 200 day simple moving average of C$194.49. 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$23.13 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 1.09 and a beta of 0.30.

WSP Global (TSE:WSP - Get Free Report) last posted 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 company had revenue of C$5.40 billion during the quarter. Research analysts expect that WSP Global will post 9.5687404 EPS 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).

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