WSP Global (TSE:WSP) Given a C$372.00 Price Target at Desjardins

Desjardins set a C$372.00 price target on WSP Global (TSE:WSP) in a research note released on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

WSP has been the topic of a number of other research reports. Stifel Nicolaus dropped their price objective on WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. BMO Capital Markets reduced their target price on WSP Global from C$278.00 to C$272.00 in a report on Tuesday. Canaccord Genuity Group decreased their price target on WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce dropped their price target on WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a research note on Wednesday, July 8th. Finally, Scotiabank cut their price objective on 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. 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, the stock presently has an average rating of “Buy” and a consensus price target of C$300.50.

WSP Global Price Performance

Shares of TSE WSP opened at C$183.12 on Thursday. The business’s fifty day moving average price is C$184.51 and its two-hundred day moving average price is C$219.06. The firm has a market capitalization 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 debt-to-equity ratio of 87.04, a current ratio of 1.19 and a quick ratio of 1.04. WSP Global has a 1-year low of C$169.20 and a 1-year high of C$291.46.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. The business had revenue of C$4.55 billion during the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%. On average, research analysts expect that WSP Global will post 9.5687404 EPS for the current year.

WSP Global Dividend Announcement

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

Insider Transactions at WSP Global

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