Analysts Set WSP Global Inc. (TSE:WSP) Price Target at C$236.75

Shares of WSP Global Inc. (TSE:WSP) have received an average rating of “Buy” from the twelve ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$236.75.

Several brokerages have weighed in on WSP. Veritas Investment Research restated a “buy” rating on shares of WSP Global in a report on Friday, March 1st. National Bankshares raised their target price on shares of WSP Global from C$212.00 to C$234.00 and gave the company an “outperform” rating in a report on Friday, March 1st. ATB Capital boosted their price target on shares of WSP Global from C$210.00 to C$220.00 and gave the stock a “sector perform” rating in a report on Friday, March 1st. Royal Bank of Canada increased their price objective on shares of WSP Global from C$212.00 to C$237.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, BMO Capital Markets boosted their target price on shares of WSP Global from C$215.00 to C$244.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th.

WSP Global Price Performance

Shares of WSP opened at C$210.49 on Friday. The company has a market cap of C$26.24 billion, a P/E ratio of 47.95, a PEG ratio of 1.09 and a beta of 0.80. WSP Global has a fifty-two week low of C$166.75 and a fifty-two week high of C$230.98. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 67.33. The firm’s 50 day moving average price is C$216.79 and its 200 day moving average price is C$198.77.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$1.99 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.91 by C$0.08. The business had revenue of C$3.72 billion for the quarter, compared to analyst estimates of C$2.81 billion. WSP Global had a return on equity of 8.96% and a net margin of 3.81%. On average, research analysts forecast that WSP Global will post 7.9537594 earnings per share for the current fiscal year.

WSP Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.50 dividend on an annualized basis and a yield of 0.71%. WSP Global’s dividend payout ratio (DPR) is presently 34.17%.

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.