WSP Global (TSE:WSP) Price Target Raised to C$264.00 at CIBC

WSP Global (TSE:WSP) had its price target upped by CIBC from C$245.00 to C$264.00 in a report issued on Tuesday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

WSP has been the topic of a number of other research reports. Desjardins lifted their target price on WSP Global from C$246.00 to C$249.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Royal Bank of Canada lifted their target price on WSP Global from C$252.00 to C$261.00 and gave the stock an outperform rating in a research report on Tuesday. BMO Capital Markets lifted their target price on WSP Global from C$252.00 to C$257.00 and gave the stock an outperform rating in a research report on Tuesday. Raymond James lifted their target price on WSP Global from C$250.00 to C$255.00 and gave the stock a strong-buy rating in a research report on Thursday, August 1st. Finally, ATB Capital lifted their target price on WSP Global from C$225.00 to C$235.00 and gave the stock a sector perform rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, WSP Global has an average rating of Buy and a consensus target price of C$254.50.

WSP Global Stock Up 0.1 %

WSP Global stock opened at C$226.58 on Tuesday. WSP Global has a 1-year low of C$174.39 and a 1-year high of C$230.98. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04. The stock has a market cap of C$28.25 billion, a PE ratio of 47.50, a P/E/G ratio of 1.09 and a beta of 0.82. The stock’s fifty day moving average is C$218.11 and its two-hundred day moving average is C$214.98.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$1.89 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.90 by C($0.01). WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The business had revenue of C$2.99 billion during the quarter, compared to analyst estimates of C$2.93 billion. On average, sell-side analysts expect that WSP Global will post 8.0147448 EPS for the current fiscal year.

WSP Global Announces Dividend

The business 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 $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Friday, September 27th. WSP Global’s dividend payout ratio (DPR) is presently 31.45%.

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.