BMO Capital Markets Forecasts Strong Price Appreciation for WSP Global (TSE:WSP) Stock

WSP Global (TSE:WSP - Free Report) had its price target boosted by BMO Capital Markets from C$257.00 to C$280.00 in a research note released on Friday morning,BayStreet.CA reports.

Several other research firms have also issued reports on WSP. Desjardins increased their price objective on WSP Global from C$249.00 to C$257.00 and gave the stock a "buy" rating in a research note on Tuesday, August 20th. ATB Capital lifted their price target on shares of WSP Global from C$235.00 to C$250.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. Royal Bank of Canada boosted their price target on shares of WSP Global from C$261.00 to C$279.00 in a research report on Friday. Stifel Nicolaus raised their price objective on shares of WSP Global from C$260.00 to C$285.00 in a report on Friday, October 4th. Finally, Raymond James boosted their target price on WSP Global from C$255.00 to C$270.00 and gave the stock a "strong-buy" rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of C$261.67.

WSP Global Stock Performance

WSP stock traded down C$11.00 during trading on Friday, reaching C$241.25. 296,878 shares of the stock were exchanged, compared to its average volume of 181,232. The stock has a 50 day simple moving average of C$240.46 and a 200-day simple moving average of C$224.05. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81. The company has a market capitalization of C$30.08 billion, a P/E ratio of 50.47, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. WSP Global has a twelve month low of C$180.73 and a twelve month high of C$259.17.

WSP Global (TSE:WSP - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported C$2.24 EPS for the quarter, meeting analysts' consensus estimates of C$2.24. The business had revenue of C$3 billion during the quarter, compared to analyst estimates of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. As a group, sell-side analysts anticipate that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.375 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.62%. WSP Global's payout ratio is currently 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.