WSP Global (TSE:WSP) PT Raised to C$235.00 at ATB Capital

WSP Global (TSE:WSP) had its price objective upped by ATB Capital from C$225.00 to C$235.00 in a research report report published on Thursday morning, BayStreet.CA reports. ATB Capital currently has a sector perform rating on the stock.

A number of other analysts also recently issued reports on the stock. BMO Capital Markets raised their price target on shares of WSP Global from C$249.00 to C$252.00 in a report on Thursday. Stifel Nicolaus cut their price target on shares of WSP Global from C$245.00 to C$235.00 in a report on Friday, May 10th. Scotiabank lifted their target price on shares of WSP Global from C$239.00 to C$241.00 in a report on Friday, May 10th. Canaccord Genuity Group lifted their target price on shares of WSP Global from C$235.00 to C$255.00 and gave the company a buy rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada lifted their target price on shares of WSP Global from C$237.00 to C$245.00 in a report on Friday, May 10th. One research 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. According to MarketBeat, WSP Global has an average rating of Buy and an average target price of C$246.92.

WSP Global Trading Down 2.1 %

WSP opened at C$219.62 on Thursday. 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 company’s 50 day simple moving average is C$214.25 and its two-hundred day simple moving average is C$212.70. WSP Global has a 1-year low of C$174.39 and a 1-year high of C$230.98. The firm has a market capitalization of C$27.38 billion, a price-to-earnings ratio of 48.70, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP) last announced 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. The business had revenue of C$2.79 billion during the quarter, compared to the consensus estimate of C$2.76 billion. WSP Global had a net margin of 3.88% and a return on equity of 9.05%. Analysts expect that WSP Global will post 8.0954598 EPS for the current fiscal year.

WSP Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given 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 dividend yield of 0.68%. WSP Global’s dividend payout ratio (DPR) is currently 33.26%.

Insider Transactions at WSP Global

In related news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of C$206.30, for a total value of C$595,099,169.00. Corporate 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.