WSP Global (TSE:WSP) Price Target Lowered to C$305.00 at BMO Capital Markets

WSP Global (TSE:WSP) had its price objective cut by BMO Capital Markets from C$334.00 to C$305.00 in a research note published on Friday morning,BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. Scotiabank boosted their price objective on shares of WSP Global from C$284.00 to C$286.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Stifel Nicolaus lowered their target price on shares of 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. National Bank Financial lowered their target price on shares of WSP Global from C$309.00 to C$268.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. ATB Cormark Capital Markets downgraded shares of WSP Global from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, February 20th. Finally, Royal Bank Of Canada boosted their target price on shares of WSP Global from C$316.00 to C$325.00 in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$313.42.

WSP Global Stock Performance

TSE:WSP opened at C$215.52 on Friday. The firm has a 50 day simple moving average of C$224.11 and a 200-day simple moving average of C$243.52. The company has a debt-to-equity ratio of 87.04, a current ratio of 1.19 and a quick ratio of 1.04. The firm has a market cap of C$29.06 billion, a PE ratio of 29.40, a P/E/G ratio of 1.09 and a beta of 0.28. WSP Global has a 1-year low of C$210.86 and a 1-year high of C$291.46.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 earnings per share for the quarter. The business had revenue of C$4.55 billion during the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. On average, equities analysts expect that WSP Global will post 9.5687404 EPS for the current year.

WSP Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, March 31st. WSP Global’s payout ratio is currently 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

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).