WSP Global Inc. (TSE:WSP) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• WSP Global has a consensus analyst recommendation of “Buy”, with 10 analysts rating it a buy and one rating it a strong buy. The average 12-month target price is C$313.42.
• Several brokerages recently adjusted their views, with some raising or lowering price targets but generally keeping positive ratings. Notable updates included National Bank Financial increasing its target to C$272 and reaffirming an outperform rating, while BMO and TD Securities trimmed their targets.
• The company reported C$2.21 EPS on C$4.55 billion in revenue for its latest quarter and also declared a quarterly dividend of C$0.375 per share. The stock was trading near C$215.52, well below the average analyst target and its 52-week high.

Shares of WSP Global Inc. (TSE:WSP - Get Free Report) have been given a consensus recommendation of "Buy" by the eleven analysts that are currently covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$313.42.

A number of equities research analysts have weighed in on the company. BMO Capital Markets reduced their price objective on WSP Global from C$334.00 to C$305.00 in a research note on Friday. National Bank Financial upped their price target on WSP Global from C$268.00 to C$272.00 and gave the stock an "outperform" rating in a research note on Friday. 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 research note on Tuesday, February 24th. Scotiabank upped their price target on WSP Global from C$284.00 to C$286.00 and gave the stock an "outperform" rating in a research note on Monday, April 13th. Finally, Royal Bank Of Canada upped their price target on WSP Global from C$316.00 to C$325.00 in a research note on Friday, February 27th.

WSP Global Price Performance

WSP stock opened at C$215.52 on Friday. The business has a 50 day moving average price of C$224.11 and a 200 day moving average price of C$243.52. The stock has a market cap of C$29.06 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 1.09 and a beta of 0.28. WSP Global has a fifty-two week low of C$210.86 and a fifty-two week high of C$291.46. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 87.04.

WSP Global (TSE:WSP - Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share for the quarter. The firm had revenue of C$4.55 billion during the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%. Equities research analysts anticipate that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued 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 of this dividend was Tuesday, March 31st. WSP Global's dividend payout ratio is currently 20.46%.

Key Stories Impacting WSP Global

Here are the key news stories impacting WSP Global this week:

• Positive Sentiment: National Bank Financial raised its price target on WSP Global and reaffirmed an “outperform” view, signaling continued confidence in upside potential. BayStreet.CA analyst update
• Positive Sentiment: Desjardins, Canaccord Genuity, and ATB Cormark all kept bullish ratings on WSP Global despite modestly lower targets, suggesting analysts still see meaningful upside from current levels. BayStreet.CA analyst updates
• Positive Sentiment: Recent coverage highlighted growth drivers in power generation and AI-related work, which could support future revenue and margin expansion. Yahoo Finance article
• Neutral Sentiment: WSP Global announced the results of its annual meeting of shareholders, a routine corporate update with limited immediate stock impact. Annual meeting results
• Neutral Sentiment: The company declared a CAD 0.375 dividend, which is supportive for income investors but not a major catalyst for the shares. Dividend announcement
• Negative Sentiment: Several major brokerages, including BMO Capital Markets, CIBC, and Canaccord, lowered their price targets, which can weigh on sentiment even though their ratings remained positive. BayStreet.CA analyst updates
• Negative Sentiment: WSP’s latest quarterly earnings were described as flat year over year, suggesting growth may be moderating after a strong run. First-quarter earnings report

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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