WSP Global Inc. (TSE:WSP) Receives Average Rating of “Buy” from Brokerages

Shares of WSP Global Inc. (TSE:WSP) have earned a consensus recommendation of “Buy” from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$268.27.

Several research analysts have recently issued reports on WSP shares. Canaccord Genuity Group boosted their price objective on shares of WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. BMO Capital Markets boosted their price objective on shares of WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. Stifel Nicolaus boosted their price objective on shares of WSP Global from C$260.00 to C$285.00 in a report on Friday, October 4th. CIBC boosted their price objective on shares of WSP Global from C$264.00 to C$280.00 in a report on Friday, December 13th. Finally, 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, November 8th.

WSP Global Stock Up 1.9 %

WSP Global stock opened at C$246.95 on Monday. The firm has a market cap of C$30.79 billion, a price-to-earnings ratio of 51.66, a P/E/G ratio of 1.09 and a beta of 0.82. 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 fifty-two week low of C$186.78 and a fifty-two week high of C$259.60. The firm has a fifty day moving average price of C$247.44 and a two-hundred day moving average price of C$236.97.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, hitting analysts’ consensus estimates of C$2.24. The firm had revenue of C$3 billion during the quarter, compared to analyst estimates of C$3 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. As a group, analysts forecast that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Tuesday, December 31st. WSP Global’s dividend payout ratio is currently 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.