WSP Global Inc. (TSE:WSP) Given Consensus Recommendation of “Buy” by Brokerages

Shares of WSP Global Inc. (TSE:WSP) have been given an average recommendation of “Buy” by the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$268.27.

Several brokerages have recently weighed in on WSP. BMO Capital Markets raised their target price on WSP Global from C$257.00 to C$280.00 in a research note on Friday, November 8th. Scotiabank raised shares of WSP Global to a “strong-buy” rating in a report on Friday, October 25th. Canaccord Genuity Group lifted their price target 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. CIBC boosted their target price on WSP Global from C$264.00 to C$280.00 in a report on Friday, December 13th. Finally, Royal Bank of Canada lifted their price target on shares of WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th.

WSP Global Trading Up 1.9 %

Shares of WSP opened at C$246.95 on Monday. 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 capitalization of C$30.79 billion, a P/E ratio of 51.66, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The stock’s fifty day simple moving average is C$247.44 and its 200 day simple moving average is C$236.97. WSP Global has a twelve month low of C$186.78 and a twelve month high of C$259.60.

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

WSP Global Dividend Announcement

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