BMO Capital Markets Cuts WSP Global (TSE:WSP) Price Target to C$272.00

WSP Global (TSE:WSP) had its target price decreased by BMO Capital Markets from C$278.00 to C$272.00 in a research report released on Tuesday morning,BayStreet.CA reports.

Several other research analysts also recently issued reports on the company. Canadian Imperial Bank of Commerce reduced their price objective on WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a report on Wednesday, July 8th. National Bank Financial lowered their target price on WSP Global from C$272.00 to C$207.00 and set an “outperform” rating for the company in a research note on Monday. TD dropped their target price on WSP Global from C$308.00 to C$307.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. ATB Cormark Capital Markets cut their price target on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Finally, Desjardins decreased their price target on WSP Global from C$375.00 to C$372.00 and set a “buy” rating on the stock in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$300.50.

WSP Global Trading Up 5.1%

Shares of TSE WSP opened at C$183.12 on Tuesday. WSP Global has a 1-year low of C$169.20 and a 1-year high of C$291.46. The company has a 50-day moving average of C$184.51 and a two-hundred day moving average of C$219.06. The company has a market cap of C$24.69 billion, a PE ratio of 24.98, a P/E/G ratio of 1.09 and a beta of 0.20. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 87.04.

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 for 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 fiscal year.

WSP Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, June 30th. WSP Global’s dividend payout ratio is currently 20.46%.

Insider Transactions at WSP Global

In other WSP Global news, Director Pascale Sourisse acquired 364 shares of WSP Global stock in a transaction on Wednesday, June 24th. The shares were purchased at an average cost of C$172.02 per share, with a total value of C$62,615.28. Following the completion of the purchase, the director owned 888 shares in the company, valued at C$152,753.76. The trade was a 69.47% increase in their ownership of the stock. 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).