WSP Global Inc. (TSE:WSP) Receives C$236.75 Consensus Target Price from Analysts

WSP Global Inc. (TSE:WSP) has been given a consensus recommendation of “Buy” by the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$236.92.

WSP has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on WSP Global from C$212.00 to C$237.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Stifel Nicolaus lifted their target price on shares of WSP Global from C$210.00 to C$245.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. National Bankshares increased their target price on shares of WSP Global from C$212.00 to C$234.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. ATB Capital boosted their price target on shares of WSP Global from C$210.00 to C$220.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. Finally, Desjardins upped their price objective on shares of WSP Global from C$210.00 to C$243.00 and gave the company a “buy” rating in a research note on Friday, March 1st.

WSP Global Price Performance

Shares of TSE WSP opened at C$213.72 on Friday. The company has a debt-to-equity ratio of 67.33, a quick ratio of 1.04 and a current ratio of 1.15. The firm has a fifty day moving average of C$217.61 and a 200 day moving average of C$199.27. The firm has a market cap of C$26.64 billion, a PE ratio of 48.68, a PEG ratio of 1.09 and a beta of 0.80. WSP Global has a one year low of C$166.75 and a one year high of C$230.98.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, February 28th. The company reported C$1.99 EPS for the quarter, topping analysts’ consensus estimates of C$1.91 by C$0.08. The business had revenue of C$3.72 billion during 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, research analysts predict that WSP Global will post 7.9537594 EPS for the current fiscal year.

WSP Global Announces Dividend

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

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.