WSP Global (TSE:WSP) Given New C$280.00 Price Target at CIBC

WSP Global (TSE:WSP) had its target price raised by CIBC from C$264.00 to C$280.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the company. ATB Capital raised their target price on WSP Global from C$235.00 to C$250.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Stifel Nicolaus lifted their price target on shares of WSP Global from C$260.00 to C$285.00 in a research note on Friday, October 4th. National Bankshares set a C$255.00 target price on shares of WSP Global and gave the stock an “outperform” rating in a research note on Monday, August 19th. Desjardins lifted their price target on WSP Global from C$249.00 to C$257.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Finally, Canaccord Genuity Group upped their price objective on WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$268.27.

WSP Global Stock Down 0.7 %

Shares of TSE:WSP opened at C$250.64 on Friday. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04. The stock has a market cap of C$31.25 billion, a price-to-earnings ratio of 52.44, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a 50 day moving average of C$247.25 and a 200-day moving average of C$229.80. WSP Global has a one year low of C$180.73 and a one year high of C$259.60.

WSP Global (TSE:WSP) last issued its earnings results on Wednesday, November 6th. The company reported C$2.24 EPS for the quarter, meeting the consensus estimate of C$2.24. The company had revenue of C$3 billion during the quarter, compared to analysts’ expectations of C$3 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. On average, sell-side analysts forecast that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Tuesday, December 31st. WSP Global’s dividend payout ratio (DPR) is presently 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.