WSP Global (TSE:WSP) Price Target Cut to C$281.00 by Analysts at Scotiabank

WSP Global (TSE:WSP) had its price objective reduced by Scotiabank from C$286.00 to C$281.00 in a report published on Friday,BayStreet.CA reports. They currently have a sector outperform rating on the stock.

WSP has been the subject of a number of other reports. Canadian Imperial Bank of Commerce cut their price target on WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating for the company in a report on Wednesday. National Bank Financial boosted their target price on shares of WSP Global from C$268.00 to C$272.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Stifel Nicolaus decreased their price target on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Desjardins lowered their target price on WSP Global from C$375.00 to C$372.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, ATB Cormark Capital Markets dropped their target price on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat.com, WSP Global has an average rating of “Buy” and a consensus target price of C$308.67.

WSP Global Stock Performance

Shares of WSP traded up C$1.54 during trading hours on Friday, reaching C$172.83. 481,700 shares of the company traded hands, compared to its average volume of 505,584. WSP Global has a 1-year low of C$170.50 and a 1-year high of C$291.46. The stock has a market cap of C$23.30 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 1.09 and a beta of 0.20. The stock’s fifty day moving average is C$188.55 and its 200 day moving average is C$221.35. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19.

WSP Global (TSE:WSP) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. The firm had revenue of C$4.55 billion for the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. Equities research analysts anticipate that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, June 30th. WSP Global’s payout ratio is 20.46%.

Insider Buying and Selling at WSP Global

In other WSP Global news, Director Pascale Sourisse acquired 364 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were acquired at an average price of C$172.02 per share, with a total value of C$62,615.28. Following the completion of the transaction, the director directly owned 888 shares in the company, valued at C$152,753.76. This trade represents a 69.47% increase in their position. 0.06% of the stock is owned by corporate insiders.

WSP Global Company Profile

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).