Analysts Set WSP Global Inc. (TSE:WSP) Price Target at C$237.08

WSP Global Inc. (TSE:WSP) has been given a consensus rating of “Buy” by the twelve analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$237.08.

WSP has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on WSP Global from C$246.00 to C$248.00 in a research note on Friday, May 10th. Scotiabank raised their price target on shares of WSP Global from C$239.00 to C$241.00 in a research note on Friday, May 10th. Stifel Nicolaus lowered their price objective on shares of WSP Global from C$245.00 to C$235.00 in a research report on Friday, May 10th. Finally, Royal Bank of Canada boosted their target price on shares of WSP Global from C$237.00 to C$245.00 in a research note on Friday, May 10th.

Insider Buying and Selling at WSP Global

In other news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$206.30, for a total value of C$595,099,169.00. Insiders own 0.07% of the company’s stock.

WSP Global Price Performance

WSP stock opened at C$217.81 on Thursday. The company’s 50-day moving average price is C$211.06 and its two-hundred day moving average price is C$208.24. WSP Global has a 12 month low of C$169.50 and a 12 month high of C$230.98. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 70.90. The firm has a market cap of C$27.16 billion, a P/E ratio of 48.29, a P/E/G ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$1.55 EPS for the quarter, beating the consensus estimate of C$1.48 by C$0.07. The business had revenue of C$2.79 billion during the quarter, compared to the consensus estimate of C$2.76 billion. WSP Global had a net margin of 3.88% and a return on equity of 9.05%. On average, analysts anticipate that WSP Global will post 8.0954598 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. WSP Global’s payout ratio is presently 33.26%.

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.