WSP Global Inc. (TSE:WSP) Receives C$237.17 Average Price Target from Analysts

Shares of WSP Global Inc. (TSE:WSP) have received an average rating of “Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$246.92.

WSP has been the subject of a number of analyst reports. Desjardins upped their price target on WSP Global from C$246.00 to C$249.00 and gave the stock a “buy” rating in a report on Thursday. National Bankshares upped their price target on WSP Global from C$234.00 to C$251.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank of Canada upped their price target on WSP Global from C$245.00 to C$252.00 and gave the stock an “outperform” rating in a report on Thursday. ATB Capital upped their target price on WSP Global from C$225.00 to C$235.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Canaccord Genuity Group upped their target price on WSP Global from C$235.00 to C$255.00 and gave the company a “buy” rating in a research report on Wednesday.

WSP Global Stock Down 2.1 %

Shares of TSE:WSP opened at C$219.62 on Monday. The company has a debt-to-equity ratio of 70.90, a quick ratio of 1.04 and a current ratio of 1.20. WSP Global has a 1 year low of C$174.39 and a 1 year high of C$230.98. The stock has a market capitalization of C$27.38 billion, a P/E ratio of 48.70, a PEG ratio of 1.09 and a beta of 0.82. The stock has a 50-day simple moving average of C$214.25 and a 200-day simple moving average of C$212.38.

WSP Global (TSE:WSP) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$1.55 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.48 by C$0.07. The firm had revenue of C$2.79 billion during the quarter, compared to analysts’ expectations of C$2.76 billion. WSP Global had a return on equity of 9.05% and a net margin of 3.88%. Equities analysts forecast that WSP Global will post 8.0954598 earnings per share for the current year.

WSP Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, September 27th. WSP Global’s dividend payout ratio is currently 33.26%.

Insider Activity at WSP Global

In related news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total transaction of C$595,099,169.00. Corporate insiders own 0.07% of the company’s stock.

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.