UBS Group Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its target price increased by UBS Group from C$274.00 to C$285.00 in a report released on Wednesday morning,BayStreet.CA reports.

Several other research analysts have also recently issued reports on WSP. Stifel Nicolaus raised their target price on shares of WSP Global from C$295.00 to C$310.00 in a report on Tuesday, February 18th. Royal Bank of Canada lifted their price objective on WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. CIBC boosted their price objective on WSP Global from C$293.00 to C$295.00 in a report on Friday, February 28th. TD Securities raised their target price on WSP Global from C$300.00 to C$305.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group boosted their price target on WSP Global from C$290.00 to C$305.00 in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, WSP Global currently has an average rating of “Buy” and a consensus price target of C$284.85.

WSP Global Price Performance

Shares of TSE:WSP opened at C$248.70 on Wednesday. WSP Global has a twelve month low of C$201.24 and a twelve month high of C$264.87. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The company has a market cap of C$32.09 billion, a PE ratio of 47.52, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company’s 50 day moving average is C$251.23 and its 200 day moving average is C$244.38.

WSP Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, December 31st. WSP Global’s payout ratio is presently 28.66%.

About WSP Global

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).