WSP Global (TSE:WSP) PT Raised to C$251.00

WSP Global (TSE:WSP) had its price objective upped by National Bankshares from C$234.00 to C$251.00 in a research note released on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on WSP. TD Securities upped their price objective on WSP Global from C$265.00 to C$273.00 and gave the stock a buy rating in a report on Thursday. ATB Capital upped their price objective on WSP Global from C$225.00 to C$235.00 and gave the stock a sector perform rating in a report on Thursday. Stifel Nicolaus upped their price objective on WSP Global from C$235.00 to C$250.00 and gave the stock a buy rating in a report on Thursday. Scotiabank upped their price objective on WSP Global from C$239.00 to C$241.00 in a report on Friday, May 10th. Finally, Royal Bank of Canada upped their price objective on WSP Global from C$245.00 to C$252.00 and gave the stock an outperform rating in a report on Thursday. One equities 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, the company presently has a consensus rating of Buy and a consensus target price of C$246.92.

WSP Global Price Performance

WSP Global stock opened at C$219.62 on Thursday. WSP Global has a 12 month low of C$174.39 and a 12 month high of C$230.98. 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 business has a 50 day simple moving average of C$214.25 and a 200-day simple moving average of C$212.70. The stock has a market capitalization of C$27.38 billion, a PE ratio of 48.70, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate 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 business had revenue of C$2.79 billion during the quarter, compared to analysts’ expectations of C$2.76 billion. Equities analysts predict 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. Stockholders of record on Monday, September 30th will be given a $0.375 dividend. 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 Activity

In other news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total value of C$595,099,169.00. Company insiders own 0.07% of the company’s stock.

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.