WSP Global (TSE:WSP) Price Target Increased to C$235.00 by Analysts at ATB Capital

WSP Global (TSE:WSP) had its price target lifted by ATB Capital from C$225.00 to C$235.00 in a research report report published on Thursday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other equities analysts have also weighed in on WSP. BMO Capital Markets increased their price objective on shares of WSP Global from C$249.00 to C$252.00 in a report on Thursday. Stifel Nicolaus cut their price objective on shares of WSP Global from C$245.00 to C$235.00 in a report on Friday, May 10th. Scotiabank increased their price objective on shares of WSP Global from C$239.00 to C$241.00 in a report on Friday, May 10th. Canaccord Genuity Group increased their price objective on shares of WSP Global from C$235.00 to C$255.00 and gave the company a buy rating in a report on Wednesday. Finally, Royal Bank of Canada upped their target price on shares of WSP Global from C$237.00 to C$245.00 in a research note on Friday, May 10th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of C$246.92.

WSP Global Price Performance

Shares of WSP stock traded down C$5.56 during trading hours on Thursday, reaching C$218.77. 28,164 shares of the company were exchanged, compared to its average volume of 173,902. WSP Global has a fifty-two week low of C$174.39 and a fifty-two week high of C$230.98. The stock’s fifty day moving average is C$214.00 and its two-hundred day moving average is C$212.33. The company has a market cap of C$27.28 billion, a price-to-earnings ratio of 49.74, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 70.90, a current ratio of 1.20 and a quick ratio of 1.04.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, May 8th. The company reported C$1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.48 by C$0.07. WSP Global had a net margin of 3.88% and a return on equity of 9.05%. The company had revenue of C$2.79 billion for the quarter, compared to analyst estimates of C$2.76 billion. Sell-side analysts forecast that WSP Global will post 8.0954598 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, September 27th. WSP Global’s dividend payout ratio is 33.26%.

Insider Transactions at WSP Global

In related news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the firm’s stock in a transaction 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. 0.07% of the stock is owned by insiders.

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.