WSP Global (TSE:WSP) PT Raised to C$250.00

WSP Global (TSE:WSP) had its target price hoisted by Stifel Nicolaus from C$235.00 to C$250.00 in a report issued on Thursday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

WSP has been the subject of a number of other research reports. Raymond James raised their price objective on shares of WSP Global from C$250.00 to C$255.00 and gave the company a strong-buy rating in a research report on Thursday. Royal Bank of Canada raised their price objective on shares of WSP Global from C$237.00 to C$245.00 in a research report on Friday, May 10th. Canaccord Genuity Group raised their price objective on shares of WSP Global from C$235.00 to C$255.00 and gave the company a buy rating in a research report on Wednesday, July 31st. ATB Capital raised their price objective on shares of WSP Global from C$225.00 to C$235.00 and gave the company a sector perform rating in a research report on Thursday. Finally, Scotiabank lifted their price target on shares of WSP Global from C$239.00 to C$241.00 in a research report on Friday, May 10th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Buy and an average target price of C$246.92.

WSP Global Stock Performance

TSE WSP opened at C$219.62 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 70.90. WSP Global has a 52-week low of C$174.39 and a 52-week high of C$230.98. The business’s 50-day moving average price is C$214.25 and its 200 day moving average price is C$212.70. The firm has a market cap 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 released its quarterly earnings results on Wednesday, May 8th. The company reported C$1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.48 by C$0.07. WSP Global had a return on equity of 9.05% and a net margin of 3.88%. The firm had revenue of C$2.79 billion for the quarter, compared to analyst estimates of C$2.76 billion. On average, equities research analysts expect that WSP Global will post 8.0954598 earnings per share for the current year.

WSP Global Dividend Announcement

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

Insider Buying and Selling

In related news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of WSP Global stock in a transaction that occurred on 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. Insiders own 0.07% of the company’s stock.

About WSP Global

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.