WSP Global (TSE:WSP) Given New C$310.00 Price Target at Raymond James

WSP Global (TSE:WSP) had its price objective upped by Raymond James from C$270.00 to C$310.00 in a research report report published on Tuesday morning,BayStreet.CA reports. Raymond James currently has a strong-buy rating on the stock.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group lifted their price target on shares of 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. Royal Bank of Canada upped their price target on WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. CIBC raised their price objective on WSP Global from C$264.00 to C$280.00 in a research report on Friday, December 13th. Scotiabank raised shares of WSP Global to a “strong-buy” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets lifted their price target on shares of WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$271.91.

WSP Global Stock Performance

Shares of WSP Global stock opened at C$250.41 on Tuesday. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13. The business’s 50 day moving average price is C$247.56 and its 200 day moving average price is C$237.04. The company has a market cap of C$31.22 billion, a price-to-earnings ratio of 52.39, a PEG ratio of 1.09 and a beta of 0.82. WSP Global has a one year low of C$190.91 and a one year high of C$259.60.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$2.24. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The firm had revenue of C$3 billion during the quarter, compared to analyst estimates of C$3 billion. On average, research analysts predict that WSP Global will post 9.5687404 EPS for the current year.

WSP Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a $0.375 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a yield of 0.60%. WSP Global’s dividend payout ratio (DPR) is presently 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.