National Bankshares Reiterates C$255.00 Price Target for WSP Global (TSE:WSP)

National Bankshares set a C$255.00 price objective on WSP Global (TSE:WSP) in a research note published on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other brokerages also recently weighed in on WSP. Royal Bank of Canada raised their price target on WSP Global from C$245.00 to C$252.00 and gave the stock an outperform rating in a research note on Thursday, August 1st. TD Securities lifted their target price on WSP Global from C$265.00 to C$273.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Stifel Nicolaus boosted their target price on shares of WSP Global from C$235.00 to C$250.00 and gave the company a buy rating in a research note on Thursday, August 1st. ATB Capital raised their price target on shares of WSP Global from C$225.00 to C$235.00 and gave the stock a sector perform rating in a research note on Thursday, August 1st. Finally, Scotiabank boosted their price objective on shares of WSP Global from C$239.00 to C$241.00 in a research report on Friday, May 10th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of C$254.50.

WSP Global Price Performance

Shares of WSP Global stock opened at C$226.95 on Monday. The stock has a market cap of C$28.30 billion, a price-to-earnings ratio of 47.58, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13. The stock has a 50 day moving average price of C$217.39 and a 200-day moving average price of C$214.82. WSP Global has a one year low of C$174.39 and a one year high of C$230.98.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$1.89 EPS for the quarter, missing the consensus estimate of C$1.90 by C($0.01). WSP Global had a return on equity of 9.40% and a net margin of 4.03%. The firm had revenue of C$2.99 billion for the quarter, compared to analysts’ expectations of C$2.93 billion. Equities analysts expect that WSP Global will post 8.0147448 EPS for the current year.

WSP Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.66%. The ex-dividend date is Friday, September 27th. WSP Global’s dividend payout ratio is presently 31.45%.

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.