WSP Global Inc. (TSE:WSP) Receives C$254.50 Average Price Target from Brokerages

WSP Global Inc. (TSE:WSP) has been given a consensus rating of “Buy” by the twelve ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$254.50.

WSP has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price target on shares of WSP Global from C$250.00 to C$260.00 in a research note on Tuesday, August 20th. ATB Capital boosted their target price on shares of WSP Global from C$235.00 to C$250.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. TD Securities upped their target price on shares of WSP Global from C$273.00 to C$279.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Canaccord Genuity Group lifted their price target on WSP Global from C$235.00 to C$255.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Raymond James increased their price objective on WSP Global from C$255.00 to C$270.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, August 20th.

WSP Global Stock Performance

Shares of WSP opened at C$234.15 on Tuesday. WSP Global has a one year low of C$174.39 and a one year high of C$234.83. The company has a market cap of C$29.20 billion, a PE ratio of 48.88, a P/E/G ratio of 1.09 and a beta of 0.81. The stock has a 50-day moving average of C$224.11 and a 200-day moving average of C$217.85. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04.

WSP Global (TSE:WSP) last announced its quarterly earnings data 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 net margin of 4.03% and a return on equity of 9.40%. The firm had revenue of C$2.99 billion during the quarter, compared to analyst estimates of C$2.93 billion. On average, equities research analysts predict that WSP Global will post 9.4701583 EPS for the current fiscal year.

WSP Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, September 27th. WSP Global’s dividend payout ratio is presently 31.32%.

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.