Brokerages Set WSP Global Inc. (TSE:WSP) PT at C$328.18

Shares of WSP Global Inc. (TSE:WSP) have been assigned a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a buy rating and one has 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$328.18.

A number of equities analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce raised their price target on WSP Global from C$342.00 to C$343.00 in a research note on Monday, March 2nd. TD Securities reduced their price objective on WSP Global from C$335.00 to C$311.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. BMO Capital Markets increased their target price on WSP Global from C$335.00 to C$338.00 in a report on Monday, January 5th. Stifel Nicolaus dropped their target price on WSP Global from C$360.00 to C$320.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Royal Bank Of Canada boosted their price target on WSP Global from C$316.00 to C$325.00 in a research note on Friday, February 27th.

WSP Global Stock Up 1.4%

WSP opened at C$220.17 on Friday. The stock has a market capitalization of C$29.68 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 1.09 and a beta of 0.15. The firm has a 50 day moving average price of C$243.54 and a 200-day moving average price of C$255.97. WSP Global has a twelve month low of C$213.18 and a twelve month high of C$291.46. The company has a quick ratio of 1.04, a current ratio of 1.27 and a debt-to-equity ratio of 59.38.

WSP Global (TSE:WSP) last posted its earnings results on Wednesday, February 25th. The company reported C$2.65 EPS for the quarter. The business had revenue of C$4.85 billion during the quarter. WSP Global had a net margin of 5.27% and a return on equity of 10.86%. Equities research analysts forecast that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.7%. WSP Global’s dividend payout ratio (DPR) is presently 22.46%.

WSP Global Company Profile

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).