WSP Global Inc. (TSE:WSP) Receives C$268.27 Average PT from Brokerages

WSP Global Inc. (TSE:WSP) has been assigned a consensus rating of “Buy” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$271.91.

WSP has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. Scotiabank raised WSP Global to a “strong-buy” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their price target on shares of WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. BMO Capital Markets boosted their price objective on shares of WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. Finally, Raymond James increased their target price on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a research report on Tuesday.

WSP Global Price Performance

TSE WSP opened at C$258.02 on Monday. WSP Global has a 1 year low of C$191.77 and a 1 year high of C$259.60. The stock’s 50-day moving average price is C$247.70 and its two-hundred day moving average price is C$237.14. The company has a market cap of C$32.17 billion, a PE ratio of 53.98, a PEG 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 (TSE:WSP) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$2.24 EPS 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 business had revenue of C$3 billion during the quarter, compared to the consensus estimate of C$3 billion. On average, analysts predict that WSP Global will post 9.5687404 EPS for the current year.

WSP Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Tuesday, December 31st. WSP Global’s payout ratio is 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.