Desjardins Analysts Give WSP Global (TSE:WSP) a C$372.00 Price Target

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

WSP has been the topic of a number of other reports. National Bank Financial cut their target price on shares of WSP Global from C$272.00 to C$207.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. ATB Cormark Capital Markets decreased their price target on shares of WSP Global from C$335.00 to C$330.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. TD lowered their price objective on shares of WSP Global from C$308.00 to C$307.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Canadian Imperial Bank of Commerce lowered their price objective on shares of WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a research report on Wednesday, July 8th. Finally, Stifel Nicolaus dropped 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 research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$300.50.

WSP Global Stock Down 1.0%

Shares of TSE WSP opened at C$181.35 on Thursday. The business has a 50-day moving average price of C$183.83 and a 200 day moving average price of C$218.79. The stock has a market cap of C$24.45 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.09 and a beta of 0.20. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 87.04. WSP Global has a 52-week low of C$169.20 and a 52-week high of C$291.46.

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

WSP Global Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 30th. WSP Global’s dividend payout ratio is 20.46%.

Insider Activity at WSP Global

In related news, Director Pascale Sourisse purchased 364 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was 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 acquisition, the director directly owned 888 shares in the company, valued at C$152,753.76. This trade represents a 69.47% increase in their ownership of the stock. 0.06% of the stock is owned by company insiders.

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).