WSP Global (WSP) Price Target Raised to C$74.00

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WSP Global (TSE:WSP) had its price objective raised by BMO Capital Markets from C$73.00 to C$74.00 in a report published on Friday morning. BMO Capital Markets currently has a market perform rating on the stock.

WSP has been the subject of several other reports. National Bank Financial upgraded WSP Global from a sector perform rating to an outperform rating and raised their price objective for the stock from C$71.50 to C$74.00 in a research note on Thursday, September 6th. Desjardins raised their price objective on WSP Global from C$70.00 to C$74.00 in a research note on Tuesday, July 31st. TD Securities raised their price objective on WSP Global from C$76.00 to C$81.00 and gave the stock a buy rating in a research note on Tuesday, July 31st. Royal Bank of Canada raised their price objective on WSP Global from C$71.00 to C$83.00 and gave the stock an outperform rating in a research note on Thursday, August 9th. Finally, Raymond James raised their price objective on WSP Global from C$75.00 to C$80.00 and gave the stock an outperform rating in a research note on Wednesday, August 1st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of C$74.44.

TSE WSP traded up C$0.37 during trading on Friday, hitting C$67.47. The company’s stock had a trading volume of 150,700 shares, compared to its average volume of 250,539. The company has a debt-to-equity ratio of 41.20, a current ratio of 1.26 and a quick ratio of 1.26. WSP Global has a fifty-two week low of C$56.38 and a fifty-two week high of C$75.42.

WSP Global (TSE:WSP) last issued its quarterly earnings results on Wednesday, August 8th. The company reported C$0.78 earnings per share for the quarter, missing the consensus estimate of C$0.91 by C($0.13). The business had revenue of C$1.54 billion during the quarter, compared to analyst estimates of C$1.52 billion. As a group, equities research analysts forecast that WSP Global will post 3.79776235774754 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 15th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, September 27th. WSP Global’s payout ratio is 70.39%.

In other news, insider David Langlois sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of C$71.55, for a total value of C$214,650.00.

WSP Global Company Profile

WSP Global Inc operates as a professional services company in the United States, Canada, the United Kingdom, Sweden, and internationally. The company's Property & Buildings segment provides technical and management consultancy services, such as structural and mechanical, electrical, and plumbing engineering; and a range of specialist services, including fire engineering, lighting design, vertical transportation, acoustics, intelligent building systems, audiovisual systems, information technology, facade engineering, and green building design.

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Analyst Recommendations for WSP Global (TSE:WSP)

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