WSP Global Inc. (TSE:WSP) Receives C$268.27 Consensus Target Price from Analysts

WSP Global Inc. (TSE:WSP) has been assigned a consensus rating of “Buy” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$268.27.

Several equities research analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. CIBC raised their target price on WSP Global from C$264.00 to C$280.00 in a research report on Friday, December 13th. Canaccord Genuity Group lifted their price target on WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Scotiabank raised WSP Global to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada lifted their target price on WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th.

WSP Global Stock Performance

Shares of TSE WSP opened at C$255.33 on Thursday. WSP Global has a 1 year low of C$180.73 and a 1 year high of C$259.60. The firm has a market cap of C$31.84 billion, a P/E ratio of 53.42, a PEG ratio of 1.09 and a beta of 0.82. The stock has a fifty day moving average price of C$248.44 and a two-hundred day moving average price of C$232.80. 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 (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. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The company had revenue of C$3 billion during the quarter, compared to analyst estimates of C$3 billion. Research analysts forecast that WSP Global will post 9.5687404 EPS for the current fiscal year.

WSP Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be paid a $0.375 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a yield of 0.59%. WSP Global’s payout ratio is currently 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.