WSP Global (TSE:WSP) Given New C$252.00 Price Target at Royal Bank of Canada

WSP Global (TSE:WSP) had its target price hoisted by Royal Bank of Canada from C$245.00 to C$252.00 in a research report released on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently weighed in on WSP. Canaccord Genuity Group boosted their price target on shares of WSP Global from C$235.00 to C$255.00 and gave the stock a buy rating in a report on Wednesday, July 31st. Scotiabank boosted their price target on shares of WSP Global from C$239.00 to C$241.00 in a report on Friday, May 10th. Stifel Nicolaus boosted their price target on shares of WSP Global from C$235.00 to C$250.00 and gave the stock a buy rating in a report on Thursday. ATB Capital boosted their price target on shares of WSP Global from C$225.00 to C$235.00 and gave the stock a sector perform rating in a report on Thursday. Finally, TD Securities boosted their price target on shares of WSP Global from C$265.00 to C$273.00 and gave the stock a buy rating in a report on Thursday. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of C$246.92.

WSP Global Price Performance

WSP opened at C$219.62 on Thursday. The company has a debt-to-equity ratio of 70.90, a current ratio of 1.20 and a quick ratio of 1.04. The company has a market capitalization of C$27.38 billion, a price-to-earnings ratio of 48.70, a P/E/G ratio of 1.09 and a beta of 0.82. The firm’s fifty day moving average price is C$214.25 and its two-hundred day moving average price is C$212.70. WSP Global has a 1 year low of C$174.39 and a 1 year high of C$230.98.

WSP Global (TSE:WSP) last posted its quarterly earnings data 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. The firm had revenue of C$2.79 billion for 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%. As a group, analysts anticipate that WSP Global will post 8.0954598 earnings per share for the current fiscal year.

WSP Global Announces Dividend

The business also recently declared 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 0.68%. The ex-dividend date of this dividend is Friday, September 27th. WSP Global’s dividend payout ratio is presently 33.26%.

Insider Activity

In other news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the company’s stock in a transaction dated 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. Company insiders own 0.07% of the company’s stock.

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.