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

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

WSP has been the topic of several other reports. Canaccord Genuity Group lowered their target price on WSP Global from C$305.00 to C$300.00 in a report on Thursday, April 10th. CIBC upped their target price on WSP Global from C$295.00 to C$296.00 in a report on Thursday. UBS Group boosted their price target on shares of WSP Global from C$274.00 to C$285.00 in a research report on Wednesday, March 5th. Scotiabank raised their price objective on shares of WSP Global from C$281.00 to C$283.00 in a research report on Wednesday, February 19th. Finally, Raymond James boosted 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 report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, WSP Global has an average rating of “Buy” and a consensus target price of C$283.77.

WSP Global Trading Down 0.5 %

Shares of WSP stock opened at C$247.88 on Thursday. WSP Global has a fifty-two week low of C$201.24 and a fifty-two week high of C$264.87. The firm has a market capitalization of C$31.98 billion, a P/E ratio of 47.37, a PEG ratio of 1.09 and a beta of 0.82. The stock’s fifty day moving average is C$246.29 and its two-hundred day moving average is C$247.59. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26.

WSP Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given 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

In other news, Director Macky Tall purchased 2,056 shares of the stock in a transaction on Thursday, March 6th. The stock was bought at an average price of C$243.94 per share, for a total transaction of C$501,540.64. Insiders own 0.06% of the company’s stock.

About WSP Global

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).