WSP Global Inc. (TSE:WSP) Receives C$266.82 Average Price Target from Analysts

Shares of WSP Global Inc. (TSE:WSP) have been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$266.82.

Several equities research analysts have recently commented on WSP shares. TD Securities upped their price target on WSP Global from C$273.00 to C$279.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Canaccord Genuity Group raised their target price on shares of WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. National Bankshares set a C$255.00 price target on shares of WSP Global and gave the stock an “outperform” rating in a research note on Monday, August 19th. Desjardins raised their price objective on shares of WSP Global from C$249.00 to C$257.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada boosted their target price on WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th.

WSP Global Price Performance

The stock has a market cap of C$31.92 billion, a P/E ratio of 52.88, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The firm has a 50 day simple moving average of C$245.46 and a two-hundred day simple moving average of C$227.67. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13. WSP Global has a 12-month low of C$180.73 and a 12-month high of C$259.17.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, hitting the consensus estimate of C$2.24. The business had revenue of C$3 billion during the quarter, compared to the consensus estimate of C$3 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. As a group, analysts anticipate that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Tuesday, December 31st. WSP Global’s dividend payout ratio (DPR) is presently 31.38%.

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.