BMO Capital Markets Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price target increased by BMO Capital Markets from C$257.00 to C$280.00 in a research report released on Friday,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of WSP Global from C$261.00 to C$279.00 in a report on Friday. Raymond James boosted their price objective on shares of WSP Global from C$255.00 to C$270.00 and gave the company a “strong-buy” rating in a report on Tuesday, August 20th. Scotiabank raised shares of WSP Global to a “strong-buy” rating in a report on Friday, October 25th. CIBC boosted their price objective on shares of WSP Global from C$245.00 to C$264.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Finally, ATB Capital boosted their price objective on shares of WSP Global from C$235.00 to C$250.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$261.67.

WSP Global Stock Down 4.4 %

TSE WSP traded down C$11.00 on Friday, hitting C$241.25. The stock had a trading volume of 296,878 shares, compared to its average volume of 181,232. The business’s fifty day moving average price is C$240.46 and its 200 day moving average price is C$223.95. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04. WSP Global has a 52-week low of C$180.73 and a 52-week high of C$259.17. The stock has a market cap of C$30.08 billion, a price-to-earnings ratio of 50.47, 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, November 6th. The company reported C$2.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$2.24. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The business had revenue of C$3 billion for the quarter, compared to analyst estimates of C$3 billion. Equities research analysts anticipate that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.375 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.62%. WSP Global’s dividend payout ratio (DPR) is presently 31.38%.

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.