Desjardins Cuts WSP Global (TSE:WSP) Price Target to C$369.00

WSP Global (TSE:WSP) had its target price decreased by Desjardins from C$372.00 to C$369.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 96.51% from the stock’s previous close.

A number of other equities research analysts also recently commented on WSP. TD lowered their price target on shares of WSP Global from C$307.00 to C$255.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. ATB Cormark Capital Markets decreased their price objective on WSP Global from C$330.00 to C$325.00 and set an “outperform” rating on the stock in a report on Friday. Canaccord Genuity Group lowered their price objective on WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce dropped their target price on WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating for the company in a research note on Wednesday, July 8th. Finally, BMO Capital Markets increased their target price on WSP Global from C$272.00 to C$280.00 and gave the stock an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$297.17.

WSP Global Price Performance

Shares of TSE:WSP traded down C$4.78 on Friday, hitting C$187.78. The company had a trading volume of 621,937 shares, compared to its average volume of 525,910. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 87.04. The company has a market cap of C$25.32 billion, a PE ratio of 25.62, a PEG ratio of 1.09 and a beta of 0.19. WSP Global has a 52-week low of C$156.64 and a 52-week high of C$291.46. The business has a 50 day moving average of C$177.73 and a 200 day moving average of C$210.19.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$2.88 EPS for the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%.The firm had revenue of C$5.40 billion during the quarter. As a group, equities analysts anticipate that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Pascale Sourisse acquired 364 shares of the stock in a transaction dated Wednesday, June 24th. The stock was bought at an average cost of C$172.02 per share, with a total value of C$62,615.28. Following the purchase, the director directly owned 888 shares of the company’s stock, valued at approximately C$152,753.76. This represents a 69.47% increase in their ownership of the stock. 0.06% of the stock is owned by corporate insiders.

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).