WSP Global (TSE:WSP) Price Target Raised to C$280.00 at BMO Capital Markets

WSP Global (TSE:WSP) had its price objective lifted by BMO Capital Markets from C$257.00 to C$280.00 in a research report released on Friday morning,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the stock. TD Securities upped their price objective on shares of WSP Global from C$273.00 to C$279.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Raymond James lifted their price objective on WSP Global from C$255.00 to C$270.00 and gave the stock a “strong-buy” rating in a report on Tuesday, August 20th. Scotiabank raised shares of WSP Global to a “strong-buy” rating in a report on Friday, October 25th. Desjardins upped their price objective on WSP Global from C$249.00 to C$257.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Canaccord Genuity Group raised their target price on shares of WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One investment 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$266.82.

WSP Global Price Performance

Shares of TSE WSP opened at C$243.70 on Friday. The firm has a market capitalization of C$30.39 billion, a PE ratio of 50.89, a price-to-earnings-growth 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 fifty-two week low of C$180.73 and a fifty-two week high of C$259.17. The stock’s 50-day simple moving average is C$240.46 and its 200-day simple moving average is C$224.05.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, meeting the consensus estimate of C$2.24. The business had revenue of C$3 billion during the quarter, compared to the consensus estimate of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. As a group, equities research analysts forecast that WSP Global will post 9.5687404 EPS for the current fiscal year.

WSP Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a yield of 0.62%. WSP Global’s dividend payout ratio (DPR) is 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.