WSP Global (TSE:WSP) Stock Price Target Lowered at National Bank Financial

Key Points

• National Bank Financial lowered WSP Global’s price target to C$216 from C$219 but maintained an “outperform” rating, implying approximately 25.91% upside from the current price.
• Analyst sentiment remains broadly positive: WSP has an average “Buy” rating and a consensus target price of C$289.62, based on one Strong Buy and twelve Buy ratings.
• WSP shares opened at C$171.55, below their 50-day and 200-day moving averages, while the company recently reported C$2.88 in quarterly EPS and C$5.40 billion in revenue.

WSP Global (TSE:WSP - Get Free Report) had its target price cut by equities researchers at National Bank Financial from C$219.00 to C$216.00 in a research note issued to investors on Wednesday, BayStreet reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's target price indicates a potential upside of 25.91% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. Desjardins decreased their price target on WSP Global from C$372.00 to C$369.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Scotia decreased their price target on shares of 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. Royal Bank Of Canada boosted their target price on WSP Global from C$300.00 to C$304.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce cut their price objective on WSP Global from C$318.00 to C$266.00 and set an "outperformer" rating for the company in a report on Wednesday, July 8th. Finally, ATB Cormark Capital Markets cut their price target on shares of 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. One investment analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$289.62.

WSP Global Price Performance

WSP opened at C$171.55 on Wednesday. The firm has a 50-day moving average price of C$183.54 and a 200-day moving average price of C$194.49. WSP Global has a twelve month low of C$156.64 and a twelve month high of C$290.23. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 84.47. The company has a market capitalization of C$23.13 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 1.09 and a beta of 0.30.

WSP Global (TSE:WSP - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$2.88 earnings per share for the quarter. The business had revenue of C$5.40 billion during the quarter. WSP Global had a net margin of 4.81% and a return on equity of 9.52%. Equities analysts expect 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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