Scotia Cuts WSP Global (TSE:WSP) Price Target to C$279.00

WSP Global (TSE:WSP) had its target price cut by Scotia from C$281.00 to C$279.00 in a research note published on Monday morning,BayStreet.CA reports. They currently have a sector outperform rating on the stock.

WSP has been the subject of a number of other research reports. BMO Capital Markets lifted their price target on WSP Global from C$272.00 to C$280.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Canaccord Genuity Group cut their target price on WSP Global from C$345.00 to C$315.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. National Bank Financial upped their price target on WSP Global from C$207.00 to C$219.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Desjardins lowered their price target on WSP Global from C$372.00 to C$369.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, Stifel Nicolaus cut their price objective on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company’s stock. According to MarketBeat.com, WSP Global presently has a consensus rating of “Buy” and a consensus price target of C$294.15.

WSP Global Stock Performance

TSE WSP opened at C$193.49 on Monday. The company has a fifty day simple moving average of C$178.13 and a 200 day simple moving average of C$208.05. WSP Global has a 12-month low of C$156.64 and a 12-month high of C$291.46. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 84.47. The company has a market cap of C$26.09 billion, a P/E ratio of 27.60, a PEG ratio of 1.09 and a beta of 0.19.

WSP Global (TSE:WSP) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$2.88 earnings per share for the quarter. The firm had revenue of C$5.40 billion for the quarter. WSP Global had a net margin of 4.81% and a return on equity of 9.52%. Sell-side analysts predict that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The firm also recently announced 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 was Tuesday, June 30th. WSP Global’s payout ratio is presently 21.40%.

Insider Buying and Selling at WSP Global

In related news, Director Pascale Sourisse purchased 364 shares of WSP Global stock in a transaction that occurred on Wednesday, June 24th. The stock was bought at an average price of C$172.02 per share, for a total transaction of C$62,615.28. Following the completion of the transaction, the director owned 888 shares in the company, valued at C$152,753.76. This represents a 69.47% increase in their ownership of the stock. Company insiders own 0.06% of the company’s stock.

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).