BMO Capital Markets Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP - Free Report) had its target price raised by BMO Capital Markets from C$284.00 to C$294.00 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other brokerages also recently weighed in on WSP. TD Securities boosted their target price on shares of WSP Global from C$300.00 to C$305.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Stifel Nicolaus lifted their price objective on shares of WSP Global from C$295.00 to C$310.00 in a research report on Tuesday, February 18th. CIBC boosted their target price on shares of WSP Global from C$278.00 to C$293.00 in a research report on Tuesday, February 18th. Raymond James upped their price objective on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 30th. Finally, Scotiabank upped their price objective on shares of WSP Global from C$281.00 to C$283.00 in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, WSP Global has a consensus rating of "Buy" and an average price target of C$284.83.

WSP Global Stock Up 1.2 %

WSP stock traded up C$2.99 during mid-day trading on Thursday, hitting C$258.04. 726,813 shares of the company were exchanged, compared to its average volume of 223,210. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26. The firm has a market cap of C$33.29 billion, a P/E ratio of 49.31, a P/E/G ratio of 1.09 and a beta of 0.82. The firm's 50 day simple moving average is C$251.41 and its 200 day simple moving average is C$243.82. WSP Global has a 1-year low of C$201.24 and a 1-year high of C$264.87.

WSP Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a dividend of $0.375 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.58%. WSP Global's dividend payout ratio is presently 28.66%.

WSP Global Company Profile

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).