WSP Global Inc. (TSE:WSP) Receives C$268.27 Average PT from Analysts

WSP Global Inc. (TSE:WSP) has been assigned a consensus recommendation of “Buy” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$271.91.

WSP has been the subject of several recent research reports. Raymond James increased 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 research note on Tuesday. Canaccord Genuity Group upped their price objective on shares of WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus upped their price objective on shares of WSP Global from C$260.00 to C$285.00 in a research note on Friday, October 4th. CIBC increased their price target on shares of WSP Global from C$264.00 to C$280.00 in a research note on Friday, December 13th. Finally, BMO Capital Markets increased their price target on shares of WSP Global from C$257.00 to C$280.00 in a research note on Friday, November 8th.

WSP Global Stock Performance

Shares of WSP Global stock opened at C$259.37 on Monday. The firm has a market cap of C$32.34 billion, a PE ratio of 54.26, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The firm’s 50-day simple moving average is C$248.90 and its 200-day simple moving average is C$238.05. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13. WSP Global has a 1 year low of C$192.57 and a 1 year high of C$262.00.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, meeting analysts’ consensus estimates of C$2.24. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The business had revenue of C$3 billion during the quarter, compared to the consensus estimate of C$3 billion. Equities analysts forecast that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Tuesday, December 31st. WSP Global’s dividend payout ratio is 31.38%.

WSP Global Company Profile

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.