National Bank Financial Cuts WSP Global (TSE:WSP) Price Target to C$268.00

Key Points

• National Bank Financial cut WSP's price target from C$309.00 to C$268.00 while maintaining an "outperform" rating, implying roughly a 22% upside from the current share price.
• Despite several recent target downgrades from brokers, the consensus remains Buy with an average analyst target of C$324.45, while WSP trades around C$219.68—well below the consensus target.
• WSP last reported C$2.65 EPS on C$4.85 billion in revenue, with a 5.27% net margin and a market capitalization near C$29.6 billion.

WSP Global (TSE:WSP - Get Free Report) had its price objective cut by stock analysts at National Bank Financial from C$309.00 to C$268.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's target price suggests a potential upside of 22.00% from the stock's current price.

Several other research analysts also recently commented on WSP. TD Securities dropped their target price on shares of WSP Global from C$335.00 to C$311.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. ATB Cormark Capital Markets downgraded shares of WSP Global from a "strong-buy" rating to a "moderate buy" rating in a report on Friday, February 20th. Stifel Nicolaus dropped their target price on shares of WSP Global from C$360.00 to C$320.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Scotiabank dropped their target price on shares of WSP Global from C$320.00 to C$284.00 and set an "outperform" rating on the stock in a report on Friday, February 27th. Finally, Royal Bank Of Canada lifted their target price on shares of WSP Global from C$316.00 to C$325.00 in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat.com, WSP Global presently has a consensus rating of "Buy" and an average target price of C$324.45.

WSP Global Stock Performance

WSP traded up C$3.85 during trading on Wednesday, hitting C$219.68. The stock had a trading volume of 240,941 shares, compared to its average volume of 504,681. The firm has a market cap of C$29.62 billion, a PE ratio of 29.85, a P/E/G ratio of 1.09 and a beta of 0.30. WSP Global has a 12 month low of C$210.86 and a 12 month high of C$291.46. The company has a current ratio of 1.27, a quick ratio of 1.04 and a debt-to-equity ratio of 59.38. The company has a 50 day simple moving average of C$232.36 and a 200-day simple moving average of C$250.79.

WSP Global (TSE:WSP - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported C$2.65 EPS for the quarter. The firm had revenue of C$4.85 billion for the quarter. WSP Global had a net margin of 5.27% and a return on equity of 10.86%. 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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