Raymond James Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its price target lifted by Raymond James from C$270.00 to C$310.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock.

Several other research analysts have also recently issued reports on the stock. CIBC increased their price objective on shares of WSP Global from C$264.00 to C$280.00 in a report on Friday, December 13th. Canaccord Genuity Group increased their price target on WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Royal Bank of Canada boosted their price objective on WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. Stifel Nicolaus raised their target price on WSP Global from C$260.00 to C$285.00 in a research note on Friday, October 4th. Finally, BMO Capital Markets boosted their price target on shares of WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$271.91.

WSP Global Trading Down 0.5 %

TSE WSP opened at C$252.14 on Thursday. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04. The company has a market capitalization of C$31.44 billion, a price-to-earnings ratio of 52.75, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. WSP Global has a 12 month low of C$196.00 and a 12 month high of C$262.00. The company’s fifty day moving average price is C$249.84 and its two-hundred day moving average price is C$238.82.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$2.24 EPS for the quarter, meeting the consensus estimate of C$2.24. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The business had revenue of C$3 billion during the quarter, compared to analyst estimates of C$3 billion. As a group, research analysts predict that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors 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 0.59%. The ex-dividend date of this dividend was Tuesday, December 31st. WSP Global’s dividend payout ratio is 31.38%.

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.