WSP Global (TSE:WSP) Price Target Raised to C$249.00

WSP Global (TSE:WSP) had its target price raised by BMO Capital Markets from C$248.00 to C$249.00 in a report published on Wednesday morning, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada lifted their target price on shares of WSP Global from C$237.00 to C$245.00 in a research report on Friday, May 10th. Scotiabank lifted their price objective on WSP Global from C$239.00 to C$241.00 in a report on Friday, May 10th. Finally, Stifel Nicolaus reduced their price objective on WSP Global from C$245.00 to C$235.00 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, the company currently has an average rating of Buy and a consensus price target of C$237.17.

WSP Global Stock Up 2.3 %

Shares of WSP Global stock opened at C$228.75 on Wednesday. The company has a 50-day simple moving average of C$212.49 and a two-hundred day simple moving average of C$211.22. The stock has a market capitalization of C$28.52 billion, a PE ratio of 50.72, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. WSP Global has a 52-week low of C$174.39 and a 52-week high of C$230.98. The company has a debt-to-equity ratio of 70.90, a quick ratio of 1.04 and a current ratio of 1.20.

WSP Global (TSE:WSP) last issued its earnings results on Wednesday, May 8th. The company reported C$1.55 EPS for the quarter, beating the consensus estimate of C$1.48 by C$0.07. The business had revenue of C$2.79 billion for the quarter, compared to the consensus estimate of C$2.76 billion. WSP Global had a return on equity of 9.05% and a net margin of 3.88%. On average, analysts anticipate that WSP Global will post 8.0954598 EPS for the current fiscal year.

WSP Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Sunday, June 30th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, June 28th. WSP Global’s payout ratio is currently 33.26%.

Insider Activity at WSP Global

In other news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total transaction of C$595,099,169.00. 0.07% of the stock is currently owned by corporate insiders.

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.