WSP Global (WSP) Downgraded by National Bank Financial to Sector Perform

National Bank Financial lowered shares of WSP Global (TSE:WSP) from an outperform rating to a sector perform rating in a research report report published on Tuesday, April 9th, BayStreet.CA reports. National Bank Financial currently has C$75.00 price objective on the stock.

Several other research firms have also weighed in on WSP. Royal Bank of Canada lifted their price objective on shares of WSP Global from C$80.00 to C$82.00 and gave the stock an outperform rating in a research note on Friday, March 15th. TD Securities lifted their price target on shares of WSP Global from C$75.00 to C$81.00 and gave the company a buy rating in a research note on Friday, March 15th. Canaccord Genuity lifted their price target on shares of WSP Global from C$70.00 to C$72.00 in a research note on Friday, March 15th. CIBC lifted their price objective on shares of WSP Global from C$77.00 to C$81.00 in a report on Friday, March 15th. Finally, Raymond James restated an outperform rating and set a C$80.00 target price on shares of WSP Global in a report on Monday, March 18th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of C$76.95.

Shares of WSP Global stock traded up C$0.55 during mid-day trading on Tuesday, reaching C$71.34. 71,000 shares of the stock were exchanged, compared to its average volume of 158,276. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 46.77. The stock has a market capitalization of $7.45 billion and a P/E ratio of 29.97. WSP Global has a fifty-two week low of C$56.09 and a fifty-two week high of C$75.42.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Thursday, March 14th. The company reported C$0.57 earnings per share for the quarter, missing the consensus estimate of C$0.87 by C($0.30). The business had revenue of C$1.54 billion for the quarter, compared to analysts’ expectations of C$1.52 billion. On average, equities analysts anticipate that WSP Global will post 4.1700000453581 earnings per share for the current year.

WSP Global Company Profile

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

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Analyst Recommendations for WSP Global (TSE:WSP)

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