BMO Capital Markets Raises WSP Global (TSE:WSP) Price Target to C$246.00

WSP Global (TSE:WSP - Free Report) had its target price increased by BMO Capital Markets from C$244.00 to C$246.00 in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also issued research reports about the company. Raymond James raised WSP Global from an outperform rating to a strong-buy rating and lifted their price objective for the stock from C$215.00 to C$245.00 in a report on Friday, January 26th. TD Securities raised their price objective on shares of WSP Global from C$220.00 to C$255.00 and gave the stock a buy rating in a report on Monday, March 4th. ATB Capital boosted their target price on shares of WSP Global from C$210.00 to C$220.00 and gave the company a sector perform rating in a research report on Friday, March 1st. Veritas Investment Research reiterated a buy rating on shares of WSP Global in a research note on Friday, March 1st. Finally, Stifel Nicolaus upped their price objective on WSP Global from C$210.00 to C$245.00 and gave the stock a buy rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, WSP Global currently has an average rating of Buy and a consensus price target of C$236.92.

WSP Global Stock Up 0.2 %

TSE WSP traded up C$0.53 during mid-day trading on Wednesday, reaching C$214.23. The stock had a trading volume of 133,218 shares, compared to its average volume of 162,072. The stock has a market cap of C$26.71 billion, a PE ratio of 49.00, a price-to-earnings-growth ratio of 1.09 and a beta of 0.80. WSP Global has a 1 year low of C$166.75 and a 1 year high of C$230.98. The company has a debt-to-equity ratio of 67.33, a current ratio of 1.15 and a quick ratio of 1.04. The company has a fifty day moving average price of C$217.13 and a 200 day moving average price of C$198.92.

WSP Global (TSE:WSP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$1.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.91 by C$0.08. WSP Global had a return on equity of 8.96% and a net margin of 3.81%. The firm had revenue of C$3.72 billion for the quarter, compared to the consensus estimate of C$2.81 billion. On average, research analysts expect that WSP Global will post 7.9537594 earnings per share for the current year.

WSP Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Wednesday, March 27th. WSP Global's dividend payout ratio is 34.17%.

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.