WSP Global (TSE:WSP) Given New C$280.00 Price Target at CIBC

WSP Global (TSE:WSP) had its price objective boosted by CIBC from C$264.00 to C$280.00 in a report published on Friday morning,BayStreet.CA reports.

Several other equities research analysts have also recently commented on the company. Canaccord Genuity Group boosted their target price on WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Raymond James upped their price objective on WSP Global from C$255.00 to C$270.00 and gave the company a “strong-buy” rating in a report on Tuesday, August 20th. National Bankshares set a C$255.00 target price on WSP Global and gave the stock an “outperform” rating in a report on Monday, August 19th. ATB Capital upped their price target on shares of WSP Global from C$235.00 to C$250.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Scotiabank raised shares of WSP Global to a “strong-buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$268.27.

WSP Global Trading Down 0.7 %

WSP Global stock opened at C$250.64 on Friday. The firm has a 50-day moving average price of C$247.25 and a two-hundred day moving average price of C$229.49. WSP Global has a 52-week low of C$180.73 and a 52-week high of C$259.60. The firm has a market capitalization of C$31.25 billion, a price-to-earnings ratio of 52.44, a PEG ratio of 1.09 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, hitting the consensus estimate of C$2.24. The business had revenue of C$3 billion during the quarter, compared to the consensus estimate of C$3 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. Sell-side analysts expect that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.60%. WSP Global’s dividend payout ratio (DPR) is presently 31.38%.

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.