CIBC Cuts WSP Global (TSE:WSP) Price Target to C$278.00

WSP Global (TSE:WSP) had its price objective lowered by investment analysts at CIBC from C$280.00 to C$278.00 in a research note issued on Monday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 14.02% from the company’s current price.

Several other equities analysts have also recently issued reports on WSP. Raymond James boosted their price target on WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a research report on Thursday. Canaccord Genuity Group upped their price target on WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Scotiabank raised WSP Global to a “strong-buy” rating in a report on Friday, October 25th. Royal Bank of Canada boosted their price objective on shares of WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. Finally, BMO Capital Markets raised their target price on shares of WSP Global from C$257.00 to C$280.00 in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$271.73.

WSP Global Stock Performance

Shares of WSP Global stock traded down C$2.81 on Monday, hitting C$243.82. The stock had a trading volume of 82,371 shares, compared to its average volume of 170,679. The company’s 50 day moving average price is C$250.12 and its 200 day moving average price is C$239.56. The stock has a market cap of C$30.40 billion, a price-to-earnings ratio of 51.01, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81. WSP Global has a 52-week low of C$196.00 and a 52-week high of C$262.00.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, meeting the consensus estimate of C$2.24. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. The business had revenue of C$3 billion during the quarter, compared to the consensus estimate of C$3 billion. On average, research analysts anticipate that WSP Global will post 9.5687404 EPS for the current year.

About WSP Global

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.