WSP Global (TSE:WSP) Price Target Raised to C$283.00

WSP Global (TSE:WSP) had its price target hoisted by Scotiabank from C$281.00 to C$283.00 in a research report released on Wednesday,BayStreet.CA reports.

A number of other research firms also recently issued reports on WSP. Raymond James increased their price objective on shares of WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 30th. TD Securities increased their target price on WSP Global from C$300.00 to C$305.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Royal Bank of Canada boosted their price target on WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. BMO Capital Markets raised their price objective on WSP Global from C$280.00 to C$284.00 in a research report on Tuesday. Finally, Stifel Nicolaus lifted their target price on WSP Global from C$295.00 to C$310.00 in a research note on Tuesday. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$281.91.

WSP Global Stock Down 0.5 %

Shares of WSP Global stock opened at C$252.16 on Wednesday. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. The stock has a market cap of C$32.53 billion, a price-to-earnings ratio of 48.19, a PEG ratio of 1.09 and a beta of 0.82. The firm’s 50-day moving average is C$250.59 and its two-hundred day moving average is C$242.19. WSP Global has a 1 year low of C$201.24 and a 1 year high of C$262.00.

WSP Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a yield of 0.59%. WSP Global’s dividend payout ratio is currently 28.66%.

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.