WSP Global (TSE:WSP) Given New C$286.00 Price Target at Scotiabank

WSP Global (TSE:WSP) had its price objective hoisted by Scotiabank from C$284.00 to C$286.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

WSP has been the subject of several other reports. Stifel Nicolaus reduced their price objective on WSP Global from C$360.00 to C$320.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Desjardins upped their price objective on WSP Global from C$346.00 to C$375.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. BMO Capital Markets upped their price objective on WSP Global from C$335.00 to C$338.00 in a research note on Monday, January 5th. 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 note on Tuesday, February 24th. Finally, National Bank Financial reduced their price objective on WSP Global from C$309.00 to C$268.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$323.27.

WSP Global Stock Up 1.5%

WSP Global stock opened at C$222.05 on Monday. WSP Global has a fifty-two week low of C$210.86 and a fifty-two week high of C$291.46. The company has a debt-to-equity ratio of 59.38, a quick ratio of 1.04 and a current ratio of 1.27. The company has a market capitalization of C$29.94 billion, a P/E ratio of 30.17, a PEG ratio of 1.09 and a beta of 0.30. The stock has a 50-day simple moving average of C$228.62 and a 200-day simple moving average of C$249.22.

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

WSP Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, March 31st. WSP Global’s payout ratio is presently 20.38%.

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).