WSP Global Inc. (TSE:WSP) Receives C$313.42 Consensus PT from Brokerages

Shares of WSP Global Inc. (TSE:WSP) have earned an average rating of “Buy” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$313.42.

Several equities analysts have recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of WSP Global from C$334.00 to C$305.00 in a report on Friday, May 8th. Stifel Nicolaus cut their target price on WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Canaccord Genuity Group cut their target price on WSP Global from C$345.00 to C$315.00 and set a “buy” rating on the stock in a report on Friday, May 8th. TD cut their target price on WSP Global from C$308.00 to C$307.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, ATB Cormark Capital Markets cut their target price on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a report on Friday, May 8th.

WSP Global Price Performance

Shares of WSP opened at C$190.99 on Friday. WSP Global has a 52-week low of C$189.68 and a 52-week high of C$291.46. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19. The business’s 50 day moving average price is C$221.25 and its two-hundred day moving average price is C$240.83. The firm has a market cap of C$25.75 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.09 and a beta of 0.28.

WSP Global (TSE:WSP) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%.The firm had revenue of C$4.55 billion for the quarter. On average, equities analysts anticipate that WSP Global will post 9.5687404 EPS for the current year.

WSP Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, March 31st. WSP Global’s dividend payout ratio (DPR) is currently 20.46%.

About WSP Global

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).