WSP Global Inc. (TSE:WSP) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Consensus "Buy": Ten analysts rate WSP Global a consensus Buy (nine Buy, one Strong Buy) with an average 12‑month target price of C$328.18.
• Dividend announced: WSP declared a quarterly dividend of C$0.375 per share (C$1.50 annualized) with an ex‑dividend date of March 31 and payment on April 15, implying a yield of about 0.7%.
• Trading and recent results: the stock opened at C$217.10 (52‑week range C$213.18–C$291.46), has a market cap of C$29.27B and P/E of 32.5, and last reported quarterly EPS of C$2.65 on revenue of C$4.85B.

WSP Global Inc. (TSE:WSP - Get Free Report) has been given a consensus rating of "Buy" by the ten analysts that are presently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$328.18.

Several research firms have recently commented on WSP. Canadian Imperial Bank of Commerce increased their price target on shares of WSP Global from C$342.00 to C$343.00 in a research report on Monday, March 2nd. National Bank Financial upped their target price on WSP Global from C$304.00 to C$309.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. BMO Capital Markets increased their target price on WSP Global from C$335.00 to C$338.00 in a report on Monday, January 5th. Desjardins raised their price target on WSP Global from C$346.00 to C$375.00 and gave the stock a "buy" rating in a research report on Tuesday, December 23rd. Finally, TD Securities cut their price target on WSP Global from C$335.00 to C$311.00 and set a "buy" rating for the company in a report on Tuesday, February 24th.

WSP Global Trading Down 1.0%

Shares of WSP stock opened at C$217.10 on Friday. WSP Global has a fifty-two week low of C$213.18 and a fifty-two week high of C$291.46. The company has a quick ratio of 1.04, a current ratio of 1.27 and a debt-to-equity ratio of 59.38. The business has a fifty day simple moving average of C$244.45 and a 200-day simple moving average of C$256.71. The stock has a market cap of C$29.27 billion, a P/E ratio of 32.50, a P/E/G ratio of 1.09 and a beta of 0.15.

WSP Global (TSE:WSP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported C$2.65 EPS for the quarter. WSP Global had a net margin of 5.27% and a return on equity of 10.86%. The firm had revenue of C$4.85 billion for the quarter. On average, analysts forecast that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, March 31st. WSP Global's dividend payout ratio (DPR) is currently 22.46%.

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).

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