WSP Global (TSE:WSP) price target reduced to C$180.00


World WSP (EAST: WSPGet a rating) had its price target lowered by TD Securities equity research analysts from C$210.00 to C$180.00 in a research report delivered to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 34.13% from the stock’s previous close.

A number of other equity research analysts have also recently published reports on WSP. BMO Capital Markets began covering WSP Global shares in a research note on Friday, March 11. They set a “buy” rating and price target of C$186.00 for the stock. In a Sunday, Feb. 27 research note, National Bank Financial downgraded WSP Global’s shares from a “sector performance overweight” rating to an “outperformance overweight” rating. Royal Bank of Canada raised its target price on WSP Global shares from C$197.00 to C$201.00 and gave the company an “outperform” rating in a Friday, March 11 research note. Canaccord Genuity Group raised its target price on WSP Global shares from C$190.00 to C$200.00 in a Friday, March 11 research note. Finally, Scotiabank cut its target price on WSP Global shares from C$185.00 to C$170.00 in a research note on Thursday. Seven equity research analysts gave the stock a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$185.25.

WSP Stock opened at C$134.20 on Friday. WSP Global has a 1-year low of C$130.16 and a 1-year high of C$187.94. The company’s 50-day moving average price is CA$158.21 and its 200-day moving average price is CA$167.20. The company has a debt ratio of 59.96, a quick ratio of 1.05 and a current ratio of 1.15. The company has a market capitalization of C$15.81 billion and a PE ratio of 33.14.

World WSP (EAST: WSPGet a rating) last released its quarterly results on Wednesday, March 9. The company reported earnings per share (EPS) of C$1.46 for the quarter, beating consensus analyst estimates of C$1.33 by C$0.13. The company posted revenue of C$2.15 billion for the quarter, while analysts had expected C$2.08 billion. On average, research analysts expect WSP Global to post an EPS of 6.4299997 for the current fiscal year.

WSP Global Company Profile (Get a rating)

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, United Kingdom, Sweden, Australia and internationally. It advises, plans, designs and manages rail, air, road, bridge, tunnel, hydraulic, maritime and urban infrastructure projects for public and private clients, construction contractors and other partners.

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