WSP Global Inc. (TSE:WSP) Given Average Recommendation of “Buy” by Brokerages

Shares of WSP Global Inc. (TSE:WSP) have earned a consensus rating of “Buy” from the twelve analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$266.82.

WSP has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. Canaccord Genuity Group increased their price objective on shares of WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. BMO Capital Markets raised their price objective on shares of WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. Royal Bank of Canada boosted their target price on shares of WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. Finally, ATB Capital raised their price target on WSP Global from C$235.00 to C$250.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th.

WSP Global Stock Performance

Shares of WSP stock opened at C$248.97 on Friday. The firm has a 50 day moving average of C$244.55 and a two-hundred day moving average of C$227.07. The stock has a market capitalization of C$31.04 billion, a PE ratio of 52.09, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81. WSP Global has a 52 week low of C$180.73 and a 52 week high of C$259.17.

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 the consensus estimate of C$2.24. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. The business had revenue of C$3 billion for the quarter, compared to analysts’ expectations of C$3 billion. On average, research analysts predict that WSP Global will post 9.5687404 EPS for the current fiscal year.

WSP Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid 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 0.60%. 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.