TD Cuts WSP Global (TSE:WSP) Price Target to C$255.00

WSP Global (TSE:WSP) had its price target lowered by TD from C$307.00 to C$255.00 in a report issued on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Scotiabank dropped their target price on shares of WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating on the stock in a report on Friday, July 10th. National Bank Financial cut their price target on shares of WSP Global from C$272.00 to C$207.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. BMO Capital Markets decreased their price target on WSP Global from C$278.00 to C$272.00 in a report on Tuesday, July 14th. Finally, Desjardins set a C$372.00 price objective on WSP Global and gave the stock a “buy” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$296.17.

WSP Global Stock Performance

Shares of WSP stock opened at C$167.16 on Tuesday. The stock has a market capitalization of C$22.54 billion, a PE ratio of 22.80, a PEG ratio of 1.09 and a beta of 0.20. The business’s 50 day simple moving average is C$179.16 and its 200 day simple moving average is C$213.32. The company has a debt-to-equity ratio of 87.04, a current ratio of 1.19 and a quick ratio of 1.04. WSP Global has a one year low of C$156.64 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 earnings per share (EPS) for the quarter. The firm 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, research analysts forecast that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. WSP Global’s dividend payout ratio (DPR) is 20.46%.

Insider Activity at WSP Global

In other news, Director Pascale Sourisse acquired 364 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was 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 directly owned 888 shares in the company, valued at C$152,753.76. The trade was a 69.47% increase in their position. 0.06% of the stock is currently 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).