WSP Global (TSE:WSP) Price Target Raised to C$310.00

WSP Global (TSE:WSP - Free Report) had its price target raised by Raymond James from C$270.00 to C$310.00 in a research report released on Thursday,BayStreet.CA reports. They currently have a strong-buy rating on the stock.

A number of other equities analysts have also weighed in on WSP. Royal Bank of Canada boosted their price objective on shares of WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th. Stifel Nicolaus boosted their target price on shares of WSP Global from C$260.00 to C$285.00 in a research note on Friday, October 4th. CIBC boosted their target price on shares of WSP Global from C$264.00 to C$280.00 in a research note on Friday, December 13th. Canaccord Genuity Group boosted their price objective on shares of WSP Global from C$260.00 to C$275.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Finally, Scotiabank raised shares of WSP Global to a "strong-buy" rating in a report on Friday, October 25th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of C$271.73.

WSP Global Stock Down 0.2 %

TSE WSP traded down C$0.45 during mid-day trading on Thursday, reaching C$246.18. The stock had a trading volume of 262,171 shares, compared to its average volume of 175,522. WSP Global has a 1 year low of C$196.00 and a 1 year high of C$262.00. The stock has a market cap of C$30.70 billion, a PE ratio of 51.50, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a fifty day moving average price of C$250.12 and a 200 day moving average price of C$239.56. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04.

WSP Global (TSE:WSP - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, hitting analysts' consensus estimates of C$2.24. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The company had revenue of C$3 billion during the quarter, compared to analyst estimates of C$3 billion. On average, research analysts expect that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Tuesday, December 31st. WSP Global's dividend payout ratio (DPR) is presently 31.38%.

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.