Stifel Nicolaus Lowers WSP Global (TSE:WSP) Price Target to C$300.00

WSP Global (TSE:WSP) had its price objective lowered by Stifel Nicolaus from C$310.00 to C$300.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently commented on WSP. TD Securities upped their price objective on shares of WSP Global from C$300.00 to C$305.00 and gave the company a “buy” rating in a report on Friday, February 14th. CIBC increased their price target on shares of WSP Global from C$295.00 to C$296.00 in a report on Thursday. Canaccord Genuity Group cut their price target on shares of WSP Global from C$305.00 to C$300.00 in a report on Thursday, April 10th. Raymond James upped their price target on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. Finally, UBS Group lifted their price objective on WSP Global from C$274.00 to C$285.00 in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$283.77.

WSP Global Stock Performance

Shares of WSP opened at C$247.88 on Thursday. WSP Global has a 1 year low of C$201.24 and a 1 year high of C$264.87. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. The stock’s fifty day moving average price is C$246.39 and its two-hundred day moving average price is C$247.52. The firm has a market cap of C$31.98 billion, a PE ratio of 47.37, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Monday, March 31st. WSP Global’s dividend payout ratio (DPR) is presently 28.66%.

Insider Activity

In related news, Director Macky Tall bought 2,056 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of C$243.94 per share, with a total value of C$501,540.64. 0.06% of the stock is owned by corporate 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).