WSP Global (TSE:WSP) Price Target Raised to C$285.00

WSP Global (TSE:WSP) had its price objective lifted by Stifel Nicolaus from C$260.00 to C$285.00 in a research note issued to investors on Friday, BayStreet.CA reports.

A number of other research firms have also weighed in on WSP. ATB Capital raised their price target on shares of WSP Global from C$235.00 to C$250.00 and gave the company a sector perform rating in a research report on Tuesday, August 20th. TD Securities upped their target price on WSP Global from C$273.00 to C$279.00 and gave the company a buy rating in a report on Tuesday, August 20th. Canaccord Genuity Group lifted their price target on WSP Global from C$235.00 to C$255.00 and gave the stock a buy rating in a report on Wednesday, July 31st. Desjardins lifted their price target on WSP Global from C$249.00 to C$257.00 and gave the stock a buy rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets lifted their price target on WSP Global from C$252.00 to C$257.00 and gave the stock an outperform rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of Buy and a consensus target price of C$256.58.

WSP Global Price Performance

Shares of WSP opened at C$240.75 on Friday. The stock has a market cap of C$30.02 billion, a P/E ratio of 50.37, a P/E/G ratio of 1.09 and a beta of 0.81. The business’s fifty day moving average is C$227.67 and its 200 day moving average is C$218.99. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81. WSP Global has a 12-month low of C$174.39 and a 12-month high of C$241.35.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.90 by C($0.01). WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The business had revenue of C$2.99 billion for the quarter, compared to analyst estimates of C$2.93 billion. Sell-side analysts anticipate that WSP Global will post 9.4350933 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Friday, September 27th. WSP Global’s dividend payout ratio is currently 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.