WSP Global (TSE:WSP) Price Target Lowered to C$278.00 at CIBC

WSP Global (TSE:WSP) had its price target lowered by CIBC from C$280.00 to C$278.00 in a research note released on Monday,BayStreet.CA reports.

WSP has been the subject of a number of other reports. Scotiabank raised shares of WSP Global to a “strong-buy” rating in a report on Friday, October 25th. BMO Capital Markets raised their price target on shares of WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. Royal Bank of Canada lifted their price objective on shares of WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. Canaccord Genuity Group raised their target price on shares of WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Raymond James raised their target price on shares of WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$271.73.

WSP Global Stock Performance

TSE:WSP opened at C$246.18 on Monday. WSP Global has a fifty-two week low of C$196.00 and a fifty-two week high of C$262.00. The firm’s 50 day moving average is C$250.12 and its two-hundred day moving average is C$239.56. The company has a market cap of C$30.70 billion, a P/E ratio of 51.50, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81.

WSP Global (TSE:WSP) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$2.24. The company had revenue of C$3 billion during the quarter, compared to analyst estimates of C$3 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. Analysts expect that WSP Global will post 9.5687404 EPS for the current year.

WSP Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Tuesday, December 31st. WSP Global’s dividend payout ratio (DPR) is currently 31.38%.

About WSP Global

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.