Research Analysts’ Recent Ratings Updates for WSP Global (WSP)

Several brokerages have updated their recommendations and price targets on shares of WSP Global (TSE: WSP) in the last few weeks:

• 8/20/2024 – WSP Global had its price target raised by analysts at Raymond James from C$255.00 to C$270.00. They now have a “strong-buy” rating on the stock.
• 8/20/2024 – WSP Global had its price target raised by analysts at ATB Capital from C$235.00 to C$250.00. They now have a “sector perform” rating on the stock.
• 8/20/2024 – WSP Global had its price target raised by analysts at CIBC from C$245.00 to C$264.00. They now have an “outperform” rating on the stock.
• 8/20/2024 – WSP Global had its price target raised by analysts at BMO Capital Markets from C$252.00 to C$257.00. They now have an “outperform” rating on the stock.
• 8/20/2024 – WSP Global had its price target raised by analysts at Royal Bank of Canada from C$252.00 to C$261.00. They now have an “outperform” rating on the stock.
• 8/20/2024 – WSP Global had its price target raised by analysts at TD Securities from C$273.00 to C$279.00. They now have a “buy” rating on the stock.
• 8/20/2024 – WSP Global had its price target raised by analysts at Desjardins from C$249.00 to C$257.00. They now have a “buy” rating on the stock.
• 8/20/2024 – WSP Global had its price target raised by analysts at Stifel Nicolaus from C$250.00 to C$260.00.
• 8/19/2024 – WSP Global was given a new C$255.00 price target on by analysts at National Bankshares, Inc.. They now have an “outperform” rating on the stock.
• 8/1/2024 – WSP Global had its price target raised by analysts at Raymond James from C$250.00 to C$255.00. They now have a “strong-buy” rating on the stock.
• 8/1/2024 – WSP Global had its price target raised by analysts at ATB Capital from C$225.00 to C$235.00. They now have a “sector perform” rating on the stock.
• 8/1/2024 – WSP Global had its price target raised by analysts at National Bankshares, Inc. from C$234.00 to C$251.00. They now have an “outperform” rating on the stock.
• 8/1/2024 – WSP Global had its price target raised by analysts at Royal Bank of Canada from C$245.00 to C$252.00. They now have an “outperform” rating on the stock.
• 8/1/2024 – WSP Global had its price target raised by analysts at CIBC from C$239.00 to C$245.00. They now have an “outperform” rating on the stock.
• 8/1/2024 – WSP Global had its price target raised by analysts at Desjardins from C$246.00 to C$249.00. They now have a “buy” rating on the stock.
• 8/1/2024 – WSP Global had its price target raised by analysts at TD Securities from C$265.00 to C$273.00. They now have a “buy” rating on the stock.
• 8/1/2024 – WSP Global had its price target raised by analysts at Stifel Nicolaus from C$235.00 to C$250.00. They now have a “buy” rating on the stock.
• 8/1/2024 – WSP Global had its price target raised by analysts at BMO Capital Markets from C$249.00 to C$252.00.
• 7/31/2024 – WSP Global had its price target raised by analysts at Canaccord Genuity Group Inc. from C$235.00 to C$255.00. They now have a “buy” rating on the stock.
• 7/24/2024 – WSP Global had its price target raised by analysts at BMO Capital Markets from C$248.00 to C$249.00.

WSP Global Stock Performance

TSE WSP opened at C$224.66 on Monday. The stock has a market capitalization of C$28.01 billion, a price-to-earnings ratio of 47.00, a PEG ratio of 1.09 and a beta of 0.82. The business’s 50 day moving average is C$219.82 and its two-hundred day moving average is C$216.00. WSP Global Inc. has a 12-month low of C$174.39 and a 12-month high of C$230.98. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$1.89 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.90 by C($0.01). WSP Global had a return on equity of 9.40% and a net margin of 4.03%. The company had revenue of C$2.99 billion for the quarter, compared to analyst estimates of C$2.93 billion. Research analysts expect that WSP Global Inc. will post 7.9753608 EPS for the current year.

WSP Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.375 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.50 dividend on an annualized basis and a yield of 0.67%. WSP Global’s payout ratio is 31.38%.

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.