CIBC Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its target price raised by CIBC from C$278.00 to C$293.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

Several other research firms have also commented on WSP. Raymond James raised their price objective on WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 30th. Stifel Nicolaus raised their price objective on WSP Global from C$295.00 to C$310.00 in a research report on Tuesday. TD Securities raised their price objective on WSP Global from C$300.00 to C$305.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Royal Bank of Canada lifted their target price on WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. Finally, Scotiabank lifted their target price on WSP Global from C$279.00 to C$281.00 in a research report on Monday, February 10th. One investment 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 MarketBeat.com, WSP Global currently has an average rating of “Buy” and an average target price of C$281.73.

WSP Global Trading Up 2.5 %

TSE:WSP opened at C$255.50 on Tuesday. The business’s 50-day moving average is C$250.38 and its two-hundred day moving average is C$241.43. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. WSP Global has a 12 month low of C$201.24 and a 12 month high of C$262.00. The firm has a market capitalization of C$32.96 billion, a PE ratio of 48.82, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82.

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 issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.59%. The ex-dividend date was Tuesday, December 31st. WSP Global’s dividend payout ratio is currently 28.66%.

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.