Royal Bank of Canada Increases WSP Global (TSE:WSP) Price Target to C$279.00

WSP Global (TSE:WSP) had its price objective increased by Royal Bank of Canada from C$261.00 to C$279.00 in a report released on Friday,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. National Bankshares set a C$255.00 price target on WSP Global and gave the stock an “outperform” rating in a research note on Monday, August 19th. BMO Capital Markets boosted their price target on WSP Global from C$252.00 to C$257.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Canaccord Genuity Group boosted their price target on WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Desjardins boosted their price target on WSP Global from C$249.00 to C$257.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Finally, ATB Capital boosted their price target on WSP Global from C$235.00 to C$250.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$261.67.

WSP Global Stock Down 4.4 %

TSE:WSP traded down C$11.00 during trading hours on Friday, reaching C$241.25. 296,878 shares of the company traded hands, compared to its average volume of 181,232. The business’s 50-day moving average price is C$240.46 and its two-hundred day moving average price is C$223.95. The stock has a market capitalization of C$30.08 billion, a P/E ratio of 50.47, a P/E/G ratio of 1.09 and a beta of 0.82. WSP Global has a 1 year low of C$180.73 and a 1 year high of C$259.17. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$2.24. The business had revenue of C$3 billion during the quarter, compared to analysts’ expectations of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. Analysts predict that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a yield of 0.62%. WSP Global’s dividend payout ratio is presently 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.