WSP Global (TSE:WSP) Price Target Cut to C$305.00 by Analysts at BMO Capital Markets

Key Points

• BMO Capital Markets cut its price target on WSP Global to C$305 from C$334, implying about 41.8% upside from the current share price.
• Other analysts have also adjusted their views recently, with several price target cuts and one downgrade; the stock still carries an overall Buy consensus and an average target of C$313.42.
• WSP Global shares fell to C$215.04 on Friday, while the company reported quarterly EPS of C$2.21 on revenue of C$4.55 billion in its latest earnings release.

WSP Global (TSE:WSP - Get Free Report) had its price target lowered by BMO Capital Markets from C$334.00 to C$305.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets' price objective would indicate a potential upside of 41.83% from the stock's current price.

Several other research firms also recently weighed in on WSP. ATB Cormark Capital Markets downgraded shares of WSP Global from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, February 20th. Royal Bank Of Canada lifted their target price on shares of WSP Global from C$316.00 to C$325.00 in a research note on Friday, February 27th. TD reduced their target price on shares of WSP Global from C$308.00 to C$307.00 and set a "buy" rating for the company in a research note on Tuesday, April 28th. National Bank Financial reduced their target price on shares of WSP Global from C$309.00 to C$268.00 and set an "outperform" rating for the company in a research note on Wednesday, April 8th. Finally, Stifel Nicolaus reduced their target price on shares of WSP Global from C$320.00 to C$280.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$313.42.

WSP Global Stock Performance

WSP stock traded down C$9.14 during mid-day trading on Friday, hitting C$215.04. The company had a trading volume of 323,636 shares, compared to its average volume of 481,277. The firm has a market cap of C$28.99 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 1.09 and a beta of 0.28. The company has a debt-to-equity ratio of 59.38, a quick ratio of 1.04 and a current ratio of 1.27. WSP Global has a 12 month low of C$210.86 and a 12 month high of C$291.46. The stock's fifty day moving average price is C$224.11 and its two-hundred day moving average price is C$243.52.

WSP Global (TSE:WSP - Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share for the quarter. The firm had revenue of C$4.55 billion during the quarter. WSP Global had a net margin of 5.27% and a return on equity of 10.86%. On average, analysts forecast that WSP Global will post 9.5687404 earnings per share for the current fiscal 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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