WSP Global Inc. (TSE:WSP) Receives Consensus Recommendation of “Buy” from Analysts

Shares of WSP Global Inc. (TSE:WSP) have been given an average rating of “Buy” by the twelve analysts that are presently covering the firm, MarketBeat.com reports. One 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. The average 12 month price target among brokers that have covered the stock in the last year is C$268.27.

Several brokerages have weighed in on WSP. Stifel Nicolaus lifted their price objective on WSP Global from C$260.00 to C$285.00 in a report on Friday, October 4th. BMO Capital Markets upped their price objective on shares of WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. Canaccord Genuity Group raised their target price on shares of WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada upped their price target on shares of WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th. Finally, CIBC lifted their price objective on shares of WSP Global from C$264.00 to C$280.00 in a research note on Friday, December 13th.

WSP Global Trading Down 0.2 %

WSP stock opened at C$254.84 on Thursday. WSP Global has a 52 week low of C$180.73 and a 52 week high of C$259.60. The company has a market capitalization of C$31.78 billion, a PE ratio of 53.31, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company’s 50-day simple moving average is C$248.54 and its 200 day simple moving average is C$233.13. 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 (TSE:WSP) last announced its earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$2.24. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The firm had revenue of C$3 billion for the quarter, compared to analyst estimates of C$3 billion. As a group, sell-side analysts anticipate that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be given a dividend of $0.375 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a yield of 0.59%. WSP Global’s dividend payout ratio is currently 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.