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

WSP Global (TSE:WSP) had its price target lifted by Canaccord Genuity Group from C$290.00 to C$305.00 in a research report released on Friday,BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus upped their target price on WSP Global from C$295.00 to C$310.00 in a report on Tuesday, February 18th. CIBC upped their target price on WSP Global from C$293.00 to C$295.00 in a report on Friday. Raymond James upped their target price on 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. TD Securities upped 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, Scotiabank upped their target price on WSP Global from C$281.00 to C$283.00 in a report on Wednesday, February 19th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$284.83.

WSP Global Stock Performance

Shares of WSP Global stock opened at C$258.04 on Friday. WSP Global has a 52 week low of C$201.24 and a 52 week high of C$264.87. The company has a market capitalization of C$33.29 billion, a PE ratio of 49.31, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The stock’s fifty day moving average is C$251.26 and its two-hundred day moving average is C$243.30. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45.

WSP Global Announces Dividend

The firm 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 0.58%. The ex-dividend date of this dividend was Tuesday, December 31st. WSP Global’s dividend payout ratio (DPR) is presently 28.66%.

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.