WSP Global (TSE:WSP) Price Target Raised to C$281.00

WSP Global (TSE:WSP) had its price objective hoisted by Scotiabank from C$279.00 to C$281.00 in a research note released on Monday morning,BayStreet.CA reports.

WSP has been the topic of a number of other research reports. Royal Bank of Canada increased their price target on WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. BMO Capital Markets increased their price target on WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. Raymond James increased their price target on WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 30th. CIBC dropped their price objective on WSP Global from C$280.00 to C$278.00 in a report on Monday, February 3rd. Finally, Canaccord Genuity Group increased their price objective on WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$275.36.

WSP Global Price Performance

WSP opened at C$248.80 on Monday. The stock’s 50-day moving average price is C$250.51 and its 200 day moving average price is C$240.70. WSP Global has a 12-month low of C$196.00 and a 12-month high of C$262.00. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81. The firm has a market cap of C$31.02 billion, a price-to-earnings ratio of 52.05, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a $0.375 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.60%. WSP Global’s dividend payout ratio is currently 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.