BMO Capital Markets Boosts WSP Global (TSE:WSP) Price Target to C$252.00

WSP Global (TSE:WSP) had its price target boosted by BMO Capital Markets from C$249.00 to C$252.00 in a research report report published on Thursday morning, BayStreet.CA reports.

Several other equities analysts have also issued reports on WSP. Royal Bank of Canada boosted their price objective on WSP Global from C$237.00 to C$245.00 in a research report on Friday, May 10th. Stifel Nicolaus cut their target price on WSP Global from C$245.00 to C$235.00 in a research note on Friday, May 10th. Canaccord Genuity Group boosted their target price on WSP Global from C$235.00 to C$255.00 and gave the company a buy rating in a research note on Wednesday, July 31st. Finally, Scotiabank boosted their target price on WSP Global from C$239.00 to C$241.00 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 issued a strong buy rating to the stock. Based on data from MarketBeat, 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 opened at C$219.62 on Thursday. The company has a debt-to-equity ratio of 70.90, a quick ratio of 1.04 and a current ratio of 1.20. The stock has a 50 day simple moving average of C$214.25 and a 200 day simple moving average of C$212.70. WSP Global has a 52-week low of C$174.39 and a 52-week high of C$230.98. The firm has a market capitalization of C$27.38 billion, a PE ratio of 48.70, a P/E/G ratio of 1.09 and a beta of 0.82.

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

WSP Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Friday, September 27th. WSP Global’s payout ratio is presently 33.26%.

Insider Buying and Selling

In related 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 stock was sold at an average price of C$206.30, for a total transaction of C$595,099,169.00. 0.07% of the stock is owned by insiders.

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.