TD Lowers WSP Global (TSE:WSP) Price Target to C$307.00

Key Points

• TD trimmed its price target on WSP Global from C$308 to C$307 but maintained a "buy" rating, with the new target implying roughly a 36.4% upside from the stock's current level.
• Consensus among analysts remains a Buy, with a mean price target of C$321.92 based on MarketBeat data and most analysts rating the shares as Buy or Strong Buy.
• WSP is trading near C$225.07 (50-day SMA C$223.81, 200-day SMA C$245.83), with a market cap of C$30.34 billion and a P/E of 30.58; last quarter reported EPS was C$2.65 on C$4.85 billion of revenue.

WSP Global (TSE:WSP - Get Free Report) had its price objective lowered by TD from C$308.00 to C$307.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD's price objective indicates a potential upside of 36.40% from the stock's current price.

Several other equities research analysts have also commented on the stock. Scotiabank boosted their target price on shares of WSP Global from C$284.00 to C$286.00 and gave the stock an "outperform" rating in a research report on Monday, April 13th. BMO Capital Markets boosted their target price on shares of WSP Global from C$335.00 to C$338.00 in a research report on Monday, January 5th. ATB Cormark Capital Markets lowered shares of WSP Global from a "strong-buy" rating to a "moderate buy" rating in a research report on Friday, February 20th. Canadian Imperial Bank of Commerce decreased their target price on shares of WSP Global from C$343.00 to C$328.00 in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada lifted their price target on WSP Global from C$316.00 to C$325.00 in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat.com, WSP Global currently has a consensus rating of "Buy" and a consensus price target of C$321.92.

WSP Global Stock Performance

TSE:WSP traded down C$0.14 during midday trading on Tuesday, reaching C$225.07. The stock had a trading volume of 176,098 shares, compared to its average volume of 483,422. The firm has a fifty day simple moving average of C$223.81 and a two-hundred day simple moving average of C$245.83. WSP Global has a 12-month low of C$210.86 and a 12-month high of C$291.46. The company has a quick ratio of 1.04, a current ratio of 1.27 and a debt-to-equity ratio of 59.38. The stock has a market cap of C$30.34 billion, a P/E ratio of 30.58, a P/E/G ratio of 1.09 and a beta of 0.30.

WSP Global (TSE:WSP - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported C$2.65 EPS for the quarter. The company 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%. On average, 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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