WSP Global (TSE:WSP) Price Target Raised to C$296.00 at CIBC

WSP Global (TSE:WSP) had its price objective boosted by CIBC from C$295.00 to C$296.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Several other research firms have also recently weighed in on WSP. TD Securities raised their target price on shares of WSP Global from C$300.00 to C$305.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Raymond James boosted their price objective on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 30th. UBS Group raised their target price on shares of WSP Global from C$274.00 to C$285.00 in a research note on Wednesday, March 5th. Stifel Nicolaus boosted their price target on WSP Global from C$295.00 to C$310.00 in a research report on Tuesday, February 18th. Finally, Canaccord Genuity Group dropped their price objective on WSP Global from C$305.00 to C$300.00 in a research note on Thursday, April 10th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$283.77.

WSP Global Stock Down 0.5 %

WSP stock opened at C$247.88 on Thursday. The company has a market cap of C$31.98 billion, a price-to-earnings ratio of 47.37, a P/E/G ratio of 1.09 and a beta of 0.82. WSP Global has a twelve month low of C$201.24 and a twelve month high of C$264.87. The business has a 50 day moving average price of C$246.39 and a two-hundred day moving average price of C$247.52. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45.

WSP Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Monday, March 31st. WSP Global’s dividend payout ratio is currently 28.66%.

Insider Activity at WSP Global

In other WSP Global news, Director Macky Tall purchased 2,056 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of C$243.94 per share, for a total transaction of C$501,540.64. 0.06% of the stock is currently 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).