WSP Global Inc. (TSE:WSP) Receives C$256.58 Average PT from Analysts

Shares of WSP Global Inc. (TSE:WSP) have been given an average recommendation of “Buy” by the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$256.58.

Several analysts recently issued reports on WSP shares. Desjardins upped their price target on shares of WSP Global from C$249.00 to C$257.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Canaccord Genuity Group upped their price target on shares of WSP Global from C$235.00 to C$255.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. CIBC increased their target price on shares of WSP Global from C$245.00 to C$264.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Stifel Nicolaus upped their price target on shares of WSP Global from C$260.00 to C$285.00 in a report on Friday, October 4th. Finally, TD Securities upped their price objective on shares of WSP Global from C$273.00 to C$279.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th.

WSP Global Price Performance

WSP Global stock opened at C$249.17 on Friday. The company has a market cap of C$31.07 billion, a price-to-earnings ratio of 52.13, a PEG ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13. WSP Global has a 1 year low of C$174.39 and a 1 year high of C$250.98. The firm has a 50 day moving average price of C$229.37 and a 200 day moving average price of C$219.47.

WSP Global (TSE:WSP) last posted its earnings results on Tuesday, July 30th. The company reported C$1.89 EPS 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 firm had revenue of C$2.99 billion for the quarter, compared to analyst estimates of C$2.93 billion. Sell-side analysts predict that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.50 annualized dividend and a yield of 0.60%. 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.