WSP Global (TSE:WSP) Price Target Raised to C$304.00

by · The Cerbat Gem

WSP Global (TSE:WSP – Free Report) had its price objective upped by Royal Bank Of Canada from C$300.00 to C$304.00 in a research report sent to investors on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

WSP has been the topic of a number of other reports. Scotia decreased their price objective on WSP Global from C$281.00 to C$279.00 and set a “sector outperform” rating on the stock in a report on Monday. ATB Cormark Capital Markets cut their target price on WSP Global from C$330.00 to C$325.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce reduced their price target on shares of WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a research report on Wednesday, July 8th. Stifel Nicolaus reduced 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 report on Thursday, April 30th. Finally, National Bank Financial lifted their price target on shares of WSP Global from C$207.00 to C$219.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$294.15.

Read Our Latest Stock Report on WSP Global

WSP Global Trading Down 2.8%

TSE WSP opened at C$193.49 on Monday. The stock’s 50-day simple moving average is C$178.13 and its two-hundred day simple moving average is C$208.05. WSP Global has a twelve month low of C$156.64 and a twelve month high of C$291.46. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 84.47. The company has a market capitalization of C$26.09 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.09 and a beta of 0.19.

WSP Global (TSE:WSP – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$2.88 earnings per share (EPS) for the quarter. WSP Global had a return on equity of 9.52% and a net margin of 4.81%.The firm had revenue of C$5.40 billion during the quarter. Research analysts forecast that WSP Global will post 9.5687404 EPS for the current fiscal year.

WSP Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 30th. WSP Global’s dividend payout ratio (DPR) is 21.40%.

Insider Activity at WSP Global

In related news, Director Pascale Sourisse acquired 364 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were purchased at an average price of C$172.02 per share, for a total transaction of C$62,615.28. Following the completion of the acquisition, the director owned 888 shares in the company, valued at approximately C$152,753.76. This represents a 69.47% increase in their ownership of the stock. Corporate insiders own 0.06% of the company’s stock.

About WSP Global

(Get Free Report)

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).

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