WSP Global (TSE:WSP) Price Target Lowered to C$315.00 at Canaccord Genuity Group

WSP Global (TSE:WSP) had its price objective trimmed by Canaccord Genuity Group from C$345.00 to C$315.00 in a research report released on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other analysts also recently weighed in on WSP. Desjardins dropped their price objective on WSP Global from C$375.00 to C$372.00 and set a “buy” rating for the company in a research report on Friday. TD dropped their price objective 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. Scotiabank increased their target price on WSP Global from C$284.00 to C$286.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. ATB Cormark Capital Markets dropped their target price on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Canadian Imperial Bank of Commerce dropped their target price on WSP Global from C$328.00 to C$318.00 in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$313.42.

WSP Global Price Performance

Shares of WSP stock opened at C$215.52 on Friday. 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 twelve month low of C$210.86 and a twelve month high of C$291.46. The company has a market cap of C$29.06 billion, a P/E ratio of 29.40, a P/E/G ratio of 1.09 and a beta of 0.28. The business has a fifty day simple moving average of C$224.11 and a 200 day simple moving average of C$243.52.

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

WSP Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a $0.375 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.50 annualized dividend and a yield of 0.7%. WSP Global’s dividend payout ratio (DPR) is currently 20.46%.

More WSP Global News

Here are the key news stories impacting WSP Global this week:

• Positive Sentiment: National Bank Financial raised its price target on WSP Global and reaffirmed an “outperform” view, signaling continued confidence in upside potential. BayStreet.CA analyst update
• Positive Sentiment: Desjardins, Canaccord Genuity, and ATB Cormark all kept bullish ratings on WSP Global despite modestly lower targets, suggesting analysts still see meaningful upside from current levels. BayStreet.CA analyst updates
• Positive Sentiment: Recent coverage highlighted growth drivers in power generation and AI-related work, which could support future revenue and margin expansion. Yahoo Finance article
• Neutral Sentiment: WSP Global announced the results of its annual meeting of shareholders, a routine corporate update with limited immediate stock impact. Annual meeting results
• Neutral Sentiment: The company declared a CAD 0.375 dividend, which is supportive for income investors but not a major catalyst for the shares. Dividend announcement
• Negative Sentiment: Several major brokerages, including BMO Capital Markets, CIBC, and Canaccord, lowered their price targets, which can weigh on sentiment even though their ratings remained positive. BayStreet.CA analyst updates
• Negative Sentiment: WSP’s latest quarterly earnings were described as flat year over year, suggesting growth may be moderating after a strong run. First-quarter earnings report

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).