WSP Global (TSE:WSP) Given New C$318.00 Price Target at Canadian Imperial Bank of Commerce

WSP Global (TSE:WSP) had its price objective trimmed by Canadian Imperial Bank of Commerce from C$328.00 to C$318.00 in a report published on Friday morning,BayStreet.CA reports.

Several other equities analysts have also commented on WSP. Scotiabank upped their price target on shares of WSP Global from C$284.00 to C$286.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. TD Securities decreased their target price on shares of WSP Global from C$335.00 to C$311.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. BMO Capital Markets decreased their target price on shares of WSP Global from C$334.00 to C$305.00 in a research report on Friday. ATB Cormark Capital Markets lowered shares of WSP Global from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, February 20th. Finally, National Bank Financial decreased their target price on shares of WSP Global from C$309.00 to C$268.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$313.42.

WSP Global Stock Down 3.9%

WSP Global stock opened at C$215.52 on Friday. The company has a 50-day simple moving average of C$224.11 and a 200-day simple moving average of C$243.52. The firm has a market capitalization of C$29.06 billion, a P/E ratio of 29.40, a P/E/G ratio of 1.09 and a beta of 0.28. 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 has a one year low of C$210.86 and a one year high of C$291.46.

WSP Global (TSE:WSP) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$2.21 EPS for the quarter. The business had revenue of C$4.55 billion during the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. As a group, equities analysts expect that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, March 31st. WSP Global’s dividend payout ratio is currently 20.46%.

Key Stories Impacting WSP Global

Here are the key news stories impacting WSP Global this week:

• Positive Sentiment: National Bank Financial raised its price target on WSP Global and reaffirmed an “outperform” view, signaling continued confidence in upside potential. BayStreet.CA analyst update
• Positive Sentiment: Desjardins, Canaccord Genuity, and ATB Cormark all kept bullish ratings on WSP Global despite modestly lower targets, suggesting analysts still see meaningful upside from current levels. BayStreet.CA analyst updates
• Positive Sentiment: Recent coverage highlighted growth drivers in power generation and AI-related work, which could support future revenue and margin expansion. Yahoo Finance article
• Neutral Sentiment: WSP Global announced the results of its annual meeting of shareholders, a routine corporate update with limited immediate stock impact. Annual meeting results
• Neutral Sentiment: The company declared a CAD 0.375 dividend, which is supportive for income investors but not a major catalyst for the shares. Dividend announcement
• Negative Sentiment: Several major brokerages, including BMO Capital Markets, CIBC, and Canaccord, lowered their price targets, which can weigh on sentiment even though their ratings remained positive. BayStreet.CA analyst updates
• Negative Sentiment: WSP’s latest quarterly earnings were described as flat year over year, suggesting growth may be moderating after a strong run. First-quarter earnings report

About WSP Global

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).