WSP Global (TSE:WSP) Given New C$330.00 Price Target at ATB Cormark Capital Markets

WSP Global (TSE:WSP) had its price target reduced by ATB Cormark Capital Markets from C$335.00 to C$330.00 in a research note published on Friday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

A number of other research analysts have also recently issued reports on the company. Royal Bank Of Canada lifted their price target on WSP Global from C$316.00 to C$325.00 in a report on Friday, February 27th. BMO Capital Markets cut their price target on WSP Global from C$334.00 to C$305.00 in a report on Friday. TD cut their price target on WSP Global from C$308.00 to C$307.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. National Bank Financial lifted their price target on WSP Global from C$268.00 to C$272.00 and gave the company an “outperform” rating in a report on Friday. Finally, Stifel Nicolaus cut their price target on WSP Global from C$320.00 to C$280.00 and set a “buy” rating for the company in a report on Thursday, April 30th. One 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, WSP Global has an average rating of “Buy” and an average price target of C$313.42.

WSP Global Stock Down 3.9%

Shares of TSE WSP opened at C$215.52 on Friday. The stock has a market cap of C$29.06 billion, a PE ratio of 29.40, a PEG ratio of 1.09 and a beta of 0.28. The business has a fifty day moving average of C$224.11 and a two-hundred day moving average of C$243.52. WSP Global has a 52-week low of C$210.86 and a 52-week high of C$291.46. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19.

WSP Global (TSE:WSP) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) 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. As a group, equities research analysts expect that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Announces Dividend

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

Key Headlines Impacting WSP Global

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).