WSP Global (TSE:WSP) PT Raised to C$251.00

WSP Global (TSE:WSP) had its target price upped by National Bankshares from C$234.00 to C$251.00 in a report issued on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently issued reports on WSP. Canaccord Genuity Group lifted their price objective on WSP Global from C$235.00 to C$255.00 and gave the company a buy rating in a report on Wednesday, July 31st. Royal Bank of Canada lifted their price objective on WSP Global from C$245.00 to C$252.00 and gave the company an outperform rating in a report on Thursday. Scotiabank lifted their price objective on WSP Global from C$239.00 to C$241.00 in a report on Friday, May 10th. Raymond James lifted their price objective on WSP Global from C$250.00 to C$255.00 and gave the company a strong-buy rating in a report on Thursday. Finally, CIBC lifted their price objective on WSP Global from C$239.00 to C$245.00 and gave the company an outperform rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of C$246.92.

WSP Global Stock Down 2.1 %

WSP opened at C$219.62 on Thursday. WSP Global has a fifty-two week low of C$174.39 and a fifty-two week high of C$230.98. The company has a debt-to-equity ratio of 70.90, a current ratio of 1.20 and a quick ratio of 1.04. The firm’s fifty day moving average price is C$214.25 and its two-hundred day moving average price is C$212.70. The company has a market capitalization of C$27.38 billion, a P/E ratio of 48.70, a P/E/G ratio of 1.09 and a beta of 0.82.

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

WSP Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.50 annualized dividend and a yield of 0.68%. WSP Global’s dividend payout ratio is currently 33.26%.

Insider Buying and Selling at WSP Global

In other WSP Global news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$206.30, for a total transaction of C$595,099,169.00. Corporate insiders own 0.07% of the company’s stock.

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.