WSP Global (TSE:WSP) Given New C$281.00 Price Target at Scotiabank

WSP Global (TSE:WSP) had its price objective raised by Scotiabank from C$279.00 to C$281.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada raised their target price on WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. BMO Capital Markets raised their target price on WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. Canaccord Genuity Group raised their target price on WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. CIBC decreased their target price on WSP Global from C$280.00 to C$278.00 in a research report on Monday, February 3rd. Finally, Raymond James raised their target price on WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 30th. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, WSP Global currently has an average rating of “Buy” and an average price target of C$275.36.

WSP Global Stock Performance

Shares of TSE WSP opened at C$255.90 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81. The stock has a market capitalization of C$31.91 billion, a price-to-earnings ratio of 53.54, a PEG ratio of 1.09 and a beta of 0.82. The stock’s fifty day simple moving average is C$250.30 and its 200 day simple moving average is C$240.51. WSP Global has a 52-week low of C$196.00 and a 52-week high of C$262.00.

WSP Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a dividend of $0.375 per share. The ex-dividend date was 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 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.