Brokerages Set WSP Global Inc. (TSE:WSP) PT at C$268.27

WSP Global Inc. (TSE:WSP) has been given an average rating of “Buy” by the twelve research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$268.27.

A number of research analysts recently issued reports on WSP shares. BMO Capital Markets lifted their price target on WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. CIBC boosted their target price on shares of WSP Global from C$264.00 to C$280.00 in a research note on Friday, December 13th. Royal Bank of Canada increased their price target on shares of WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. Stifel Nicolaus boosted their price objective on shares of WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. Finally, Canaccord Genuity Group increased their price objective on WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th.

WSP Global Stock Performance

TSE:WSP opened at C$255.33 on Thursday. The stock has a market capitalization of C$31.84 billion, a P/E ratio of 53.42, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. 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 has a 1 year low of C$180.73 and a 1 year high of C$259.60. The firm has a 50 day moving average of C$248.44 and a 200-day moving average of C$232.80.

WSP Global (TSE:WSP) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, meeting analysts’ consensus estimates of C$2.24. The firm had revenue of C$3 billion during 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%. As a group, sell-side analysts anticipate that WSP Global will post 9.5687404 EPS for the current fiscal year.

WSP Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.59%. 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.