National Bank Financial Downgrades WSP Global Inc (WSP) to Sector Perform Overweight
WSP Global Inc (TSE:WSP) was downgraded by research analysts at National Bank Financial from an “outperform overweight” rating to a “sector perform overweight” rating in a note issued to investors on Wednesday.
Several other analysts also recently commented on the stock. Scotiabank upped their price target on shares of WSP Global from C$49.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th. Royal Bank Of Canada upped their price target on shares of WSP Global from C$52.00 to C$55.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th. Raymond James Financial, Inc. upped their price target on shares of WSP Global from C$55.00 to C$56.00 and gave the company a “strong-buy” rating in a research report on Friday, May 12th. TD Securities upped their price target on shares of WSP Global from C$54.00 to C$58.00 and gave the company a “buy” rating in a research report on Thursday, May 11th. Finally, Canaccord Genuity downgraded shares of WSP Global from a “buy” rating to a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$53.13.
Shares of WSP Global (TSE:WSP) opened at 50.72 on Wednesday. The stock has a 50 day moving average of $51.24 and a 200-day moving average of $47.90. WSP Global has a 1-year low of $38.30 and a 1-year high of $55.04. The firm has a market cap of $5.19 billion and a price-to-earnings ratio of 23.53.
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About WSP Global
WSP Global Inc is a professional services company. The Company’s segments are Canada, Americas (US and South America), EMEIA (Europe, Middle East, India and Africa) and APAC (Asia Pacific, including primarily Asia and Australia). It offers services in project delivery and consulting. It offers various project services throughout the project execution phases.
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