WSP Global (TSE:WSP) Price Target Cut to C$268.00 by Analysts at National Bank Financial

WSP Global (TSE:WSP) had its target price decreased by National Bank Financial from C$309.00 to C$268.00 in a report released on Wednesday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

WSP has been the topic of several other research reports. Raymond James Financial raised their price objective on shares of WSP Global from C$310.00 to C$340.00 in a research report on Sunday, January 4th. TD Securities lowered their price objective on shares of WSP Global from C$335.00 to C$311.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Canadian Imperial Bank of Commerce raised their price objective on shares of WSP Global from C$342.00 to C$343.00 in a research report on Monday, March 2nd. Stifel Nicolaus lowered their price objective on shares of WSP Global from C$360.00 to C$320.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Desjardins raised their price objective on shares of WSP Global from C$346.00 to C$375.00 and gave the company a “buy” rating in a research report on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$324.45.

WSP Global Stock Performance

WSP Global stock opened at C$219.88 on Wednesday. The firm’s fifty day moving average price is C$231.37 and its 200-day moving average price is C$250.58. The company has a debt-to-equity ratio of 59.38, a quick ratio of 1.04 and a current ratio of 1.27. The stock has a market cap of C$29.64 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 1.09 and a beta of 0.30. WSP Global has a fifty-two week low of C$210.86 and a fifty-two week high of C$291.46.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, February 25th. The company reported C$2.65 earnings per share for the quarter. The firm had revenue of C$4.85 billion for the quarter. WSP Global had a net margin of 5.27% and a return on equity of 10.86%. On average, equities research analysts expect 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 will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be 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 is Tuesday, March 31st. WSP Global’s dividend payout ratio (DPR) is presently 20.38%.

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).