WSP Global Inc. (TSE:WSP) Given Average Rating of “Buy” by Brokerages

Shares of WSP Global Inc. (TSE:WSP) have been assigned a consensus rating of “Buy” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$236.92.

Several brokerages have weighed in on WSP. BMO Capital Markets upped their target price on shares of WSP Global from C$244.00 to C$246.00 and gave the stock an “outperform” rating in a research report on Wednesday. National Bankshares raised their price objective on WSP Global from C$212.00 to C$234.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Canaccord Genuity Group boosted their target price on WSP Global from C$225.00 to C$235.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. TD Securities raised their price target on WSP Global from C$220.00 to C$255.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, CIBC boosted their price objective on shares of WSP Global from C$234.00 to C$239.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st.

WSP Global Trading Up 0.0 %

Shares of WSP stock opened at C$213.72 on Friday. The business’s fifty day moving average price is C$217.61 and its 200 day moving average price is C$199.27. The firm has a market capitalization of C$26.64 billion, a PE ratio of 48.68, a P/E/G ratio of 1.09 and a beta of 0.80. The company has a debt-to-equity ratio of 67.33, a current ratio of 1.15 and a quick ratio of 1.04. WSP Global has a 1-year low of C$166.75 and a 1-year high of C$230.98.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$1.99 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.91 by C$0.08. The business had revenue of C$3.72 billion for the quarter, compared to analysts’ expectations of C$2.81 billion. WSP Global had a net margin of 3.81% and a return on equity of 8.96%. As a group, sell-side analysts forecast that WSP Global will post 7.9537594 EPS for the current fiscal year.

WSP Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.50 annualized dividend and a yield of 0.70%. WSP Global’s payout ratio is currently 34.17%.

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.