WSP Global Inc. (TSE:WSP) Receives Consensus Recommendation of “Buy” from Brokerages

WSP Global Inc. (TSE:WSP) has received an average recommendation of “Buy” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. 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. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$275.36.

A number of research firms recently weighed in on WSP. Raymond James upped their target price on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. CIBC lowered their target price on shares of WSP Global from C$280.00 to C$278.00 in a report on Monday, February 3rd. BMO Capital Markets upped their target price on shares of WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. Royal Bank of Canada increased their price objective on shares of WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. Finally, Scotiabank increased their price objective on shares of WSP Global from C$279.00 to C$281.00 in a research note on Monday.

WSP Global Trading Up 3.7 %

WSP opened at C$258.02 on Friday. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. WSP Global has a fifty-two week low of C$197.70 and a fifty-two week high of C$262.00. The firm has a market capitalization of C$33.29 billion, a PE ratio of 49.31, a P/E/G ratio of 1.09 and a beta of 0.82. The company’s 50-day moving average is C$250.53 and its 200 day moving average is C$240.88.

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.375 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.58%. WSP Global’s payout ratio is currently 28.66%.

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.