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

Shares of WSP Global Inc. (TSE:WSP) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$271.91.

Several research analysts recently weighed in on WSP shares. Scotiabank upgraded WSP Global to a “strong-buy” rating in a research note on Friday, October 25th. Stifel Nicolaus upped their price objective on shares of WSP Global from C$260.00 to C$285.00 in a report on Friday, October 4th. Raymond James lifted their target price on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. CIBC upped their price target on shares of WSP Global from C$264.00 to C$280.00 in a research note on Friday, December 13th. Finally, Royal Bank of Canada raised their price target on shares of WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th.

WSP Global Stock Performance

WSP stock opened at C$259.37 on Monday. The firm has a 50-day simple moving average of C$248.90 and a two-hundred day simple moving average of C$238.35. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13. WSP Global has a one year low of C$192.57 and a one year high of C$262.00. The firm has a market cap of C$32.34 billion, a price-to-earnings ratio of 54.26, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, meeting the consensus estimate of C$2.24. The company had revenue of C$3 billion during the quarter, compared to the consensus estimate of C$3 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. On average, equities analysts forecast that WSP Global will post 9.5687404 EPS for the current fiscal year.

WSP Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a $0.375 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.58%. WSP Global’s payout ratio is 31.38%.

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.