WSP Global Inc. (TSE:WSP) Receives Average Recommendation of "Buy" from Brokerages

Shares of WSP Global Inc. (TSE:WSP - Get Free Report) have received a consensus recommendation of "Buy" from the twelve analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$268.27.

WSP has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised their price target on WSP Global from C$260.00 to C$275.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Stifel Nicolaus lifted their price objective on shares of WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. Royal Bank of Canada upped their target price on shares of WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. CIBC boosted their price target on shares of WSP Global from C$264.00 to C$280.00 in a research note on Friday, December 13th. Finally, Scotiabank upgraded WSP Global to a "strong-buy" rating in a research report on Friday, October 25th.

WSP Global Stock Performance

Shares of TSE:WSP traded up C$0.40 during mid-day trading on Monday, reaching C$247.35. 42,072 shares of the company traded hands, compared to its average volume of 161,949. WSP Global has a 52 week low of C$190.91 and a 52 week high of C$259.60. The firm has a market cap of C$30.84 billion, a PE ratio of 51.75, a PEG ratio of 1.09 and a beta of 0.82. The company's 50 day moving average price is C$247.44 and its 200-day moving average price is C$236.97. 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 (EPS) 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 firm had revenue of C$3 billion during the quarter, compared to analysts' expectations of C$3 billion. On average, equities analysts expect that WSP Global will post 9.5687404 EPS for the current fiscal year.

WSP Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.61%. The ex-dividend date was Tuesday, December 31st. WSP Global's payout ratio is 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.