Canadian Imperial Bank of Commerce Cuts WSP Global (TSE:WSP) Price Target to C$328.00

WSP Global (TSE:WSP) had its price target reduced by Canadian Imperial Bank of Commerce from C$343.00 to C$328.00 in a report released on Thursday morning,BayStreet.CA reports.

A number of other research analysts also recently commented on the stock. National Bank Financial lowered their price objective on shares of WSP Global from C$309.00 to C$268.00 and set an “outperform” rating on the stock in a research report on Wednesday. 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. Scotiabank lowered their price objective on shares of WSP Global from C$320.00 to C$284.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Raymond James Financial boosted their price objective on shares of WSP Global from C$310.00 to C$340.00 in a research report on Sunday, January 4th. Finally, Stifel Nicolaus reduced their target price on shares of WSP Global from C$360.00 to C$320.00 and set a “buy” rating for the company in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to MarketBeat.com, WSP Global has an average rating of “Buy” and a consensus price target of C$323.09.

WSP Global Trading Down 0.1%

Shares of TSE WSP opened at C$218.87 on Thursday. WSP Global has a 12 month low of C$210.86 and a 12 month high of C$291.46. The company has a market cap of C$29.51 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 1.09 and a beta of 0.30. The company has a quick ratio of 1.04, a current ratio of 1.27 and a debt-to-equity ratio of 59.38. The business has a fifty day simple moving average of C$229.59 and a 200-day simple moving average of C$249.73.

WSP Global (TSE:WSP) last released its quarterly earnings results on Wednesday, February 25th. The company reported C$2.65 earnings per share (EPS) for the quarter. WSP Global had a net margin of 5.27% and a return on equity of 10.86%. The business had revenue of C$4.85 billion for the quarter. Sell-side analysts predict that WSP Global will post 9.5687404 EPS for the current year.

WSP Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 31st. WSP Global’s payout ratio is 20.38%.

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).