UBS Group Increases WSP Global (TSE:WSP) Price Target to C$285.00

WSP Global (TSE:WSP) had its price target increased by UBS Group from C$274.00 to C$285.00 in a research report released on Wednesday,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada lifted their price objective on WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. Stifel Nicolaus lifted their price target on WSP Global from C$295.00 to C$310.00 in a report on Tuesday, February 18th. CIBC upped their price objective on shares of WSP Global from C$293.00 to C$295.00 in a report on Friday, February 28th. Canaccord Genuity Group raised their price objective on shares of WSP Global from C$290.00 to C$305.00 in a research report on Friday, February 28th. Finally, Raymond James boosted 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 report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$284.85.

WSP Global Trading Up 0.7 %

WSP opened at C$248.70 on Wednesday. The firm has a market capitalization of C$32.09 billion, a price-to-earnings ratio of 47.52, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company’s 50 day simple moving average is C$251.23 and its two-hundred day simple moving average is C$244.38. WSP Global has a 1-year low of C$201.24 and a 1-year high of C$264.87. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04.

WSP Global Dividend Announcement

The business also recently disclosed 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 of this dividend was Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.60%. WSP Global’s payout ratio is currently 28.66%.

About WSP Global

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).