WSP Global (TSE:WSP) Stock Price Expected to Rise, CIBC Analyst Says

WSP Global (TSE:WSP - Free Report) had its price target raised by CIBC from C$278.00 to C$293.00 in a research note published on Tuesday,BayStreet.CA reports.

A number of other analysts have also recently commented on the stock. TD Securities upped their price target on shares of WSP Global from C$300.00 to C$305.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Raymond James lifted their price target on WSP Global from C$270.00 to C$310.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 30th. Stifel Nicolaus increased their price objective on WSP Global from C$295.00 to C$310.00 in a report on Tuesday. Royal Bank of Canada lifted their target price on WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th. Finally, BMO Capital Markets increased their price target on shares of WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, WSP Global has an average rating of "Buy" and an average target price of C$281.91.

WSP Global Stock Performance

TSE WSP traded down C$1.33 during trading on Tuesday, hitting C$252.16. 306,519 shares of the company's stock traded hands, compared to its average volume of 202,307. The stock has a market capitalization of C$32.53 billion, a price-to-earnings ratio of 48.19, a PEG ratio of 1.09 and a beta of 0.82. 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 business has a 50 day moving average of C$250.59 and a 200-day moving average of C$242.19. WSP Global has a 12-month low of C$201.24 and a 12-month high of C$262.00.

WSP Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Tuesday, December 31st. WSP Global's payout ratio is 28.66%.

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.