Analysts Set WSP Global Inc. (TSE:WSP) Price Target at C$258.25

WSP Global Inc. (TSE:WSP) has earned an average rating of “Buy” from the twelve brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$266.82.

WSP has been the subject of several analyst reports. National Bankshares set a C$255.00 target price on shares of WSP Global and gave the company an “outperform” rating in a research note on Monday, August 19th. BMO Capital Markets lifted their price objective on shares of WSP Global from C$257.00 to C$280.00 in a research report on Friday. Royal Bank of Canada upped their target price on shares of WSP Global from C$261.00 to C$279.00 in a report on Friday. Desjardins raised their target price on shares of WSP Global from C$249.00 to C$257.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Finally, Scotiabank raised WSP Global to a “strong-buy” rating in a research report on Friday, October 25th.

WSP Global Trading Down 4.4 %

WSP Global stock opened at C$241.25 on Wednesday. The company has a market cap of C$30.08 billion, a price-to-earnings ratio of 50.47, a P/E/G ratio of 1.09 and a beta of 0.82. The firm has a 50-day moving average of C$240.46 and a 200-day moving average of C$223.95. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04. WSP Global has a one year low of C$180.73 and a one year high of C$259.17.

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. The firm had revenue of C$3 billion during the quarter, compared to analysts’ expectations of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. On average, equities analysts expect that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Tuesday, December 31st. WSP Global’s dividend payout ratio is 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.