WSP Global (TSE:WSP) Price Target Raised to C$280.00

WSP Global (TSE:WSP) had its price objective raised by CIBC from C$264.00 to C$280.00 in a research note released on Friday morning,BayStreet.CA reports.

A number of other equities analysts have also commented on WSP. Canaccord Genuity Group raised their price objective on shares of WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Desjardins raised their price objective on WSP Global from C$249.00 to C$257.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. TD Securities increased their price target 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 boosted their price objective on shares of WSP Global from C$255.00 to C$270.00 and gave the company a “strong-buy” rating in a research report on Tuesday, August 20th. Finally, Scotiabank raised shares of WSP Global to a “strong-buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, WSP Global presently has a consensus rating of “Buy” and a consensus target price of C$268.27.

WSP Global Stock Performance

WSP opened at C$250.64 on Friday. WSP Global has a twelve month low of C$180.73 and a twelve month high of C$259.60. The stock has a market cap of C$31.25 billion, a PE ratio of 52.44, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The business’s 50 day moving average is C$247.25 and its 200-day moving average is C$229.80. 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 announced its earnings results on Wednesday, November 6th. The company reported C$2.24 EPS for the quarter, hitting the consensus estimate of C$2.24. The firm had revenue of C$3 billion for the quarter, compared to analysts’ expectations of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. On average, analysts predict that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Dividend Announcement

The business also recently announced 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 is Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.60%. 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.