WSP Global Inc. (TSE:WSP) Receives C$268.27 Consensus Price Target from Analysts

Shares of WSP Global Inc. (TSE:WSP) have received a consensus rating of “Buy” from the twelve brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$271.91.

Several equities analysts have commented on WSP shares. Canaccord Genuity Group upped their price target on WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. BMO Capital Markets raised their target price on WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. Scotiabank raised shares of WSP Global to a “strong-buy” rating in a report on Friday, October 25th. CIBC increased their price objective on shares of WSP Global from C$264.00 to C$280.00 in a research note on Friday, December 13th. Finally, Raymond James lifted 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 report on Tuesday.

WSP Global Trading Up 3.0 %

Shares of WSP Global stock opened at C$258.02 on Monday. The company has a market cap of C$32.17 billion, a price-to-earnings ratio of 53.98, a PEG ratio of 1.09 and a beta of 0.82. WSP Global has a 1 year low of C$191.77 and a 1 year high of C$259.60. The company’s fifty day simple moving average is C$247.70 and its 200-day simple moving average is C$237.14. 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 Wednesday, November 6th. The company reported C$2.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$2.24. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The company had revenue of C$3 billion for the quarter, compared to analyst estimates of C$3 billion. As a group, sell-side analysts expect that WSP Global will post 9.5687404 EPS for the current year.

WSP Global Dividend Announcement

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. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a yield of 0.58%. WSP Global’s dividend payout ratio (DPR) 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.