Scotiabank Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price target hoisted by Scotiabank from C$279.00 to C$281.00 in a report published on Monday morning,BayStreet.CA reports.

A number of other equities research analysts also recently commented on WSP. Raymond James lifted their price objective on WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 30th. Royal Bank of Canada upped their target price on WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. CIBC dropped their target price on WSP Global from C$280.00 to C$278.00 in a research note on Monday, February 3rd. BMO Capital Markets upped their target price on WSP Global from C$257.00 to C$280.00 in a research note on Friday, November 8th. Finally, Canaccord Genuity Group upped their target price on 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. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, WSP Global currently has a consensus rating of “Buy” and a consensus price target of C$275.36.

WSP Global Stock Performance

TSE WSP opened at C$248.80 on Monday. WSP Global has a fifty-two week low of C$196.00 and a fifty-two week high of C$262.00. The stock has a market cap of C$31.02 billion, a price-to-earnings ratio of 52.05, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The business has a fifty day moving average of C$250.51 and a 200-day moving average of C$240.70. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81.

WSP Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.375 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 annualized dividend and a yield of 0.60%. WSP Global’s dividend payout ratio is presently 31.38%.

About WSP Global

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.