Brokerages Set WSP Global Inc. (TSE:WSP) Price Target at C$268.27

WSP Global Inc. (TSE:WSP) is currently being analyzed by twelve research firms, all of which have given the company an average rating of “Buy”, as reported by Marketbeat.com. Among these analysts, one has suggested a hold on the stock, while nine recommend a buy and two have issued a strong buy rating. The consensus 12-month price target established by these analysts stands at C$268.27.

Several research analysts have recently updated their evaluations of WSP shares. For instance, BMO Capital Markets increased their price target for WSP Global from C$257.00 to C$280.00 in a report published on November 8th. Similarly, CIBC raised their target from C$264.00 to C$280.00 on December 13th, and the Royal Bank of Canada modified their price target from C$261.00 to C$279.00 on November 8th. Stifel Nicolaus also raised their projection from C$260.00 to C$285.00, while Canaccord Genuity Group increased theirs from C$260.00 to C$275.00, maintaining a “buy” rating for the stock.

WSP Global Stock Overview

The stock of WSP Global opened at C$255.33 on a recent Thursday. The company boasts a market capitalization of approximately C$31.84 billion, with a P/E ratio of 53.42 and a price-to-earnings-growth (PEG) ratio of 1.09. It has a beta of 0.82, indicating its relative stability compared to the market. The company shows a current ratio of 1.13, a quick ratio of 1.04, and a debt-to-equity ratio of 71.81. Over the past year, WSP Global has seen a low of C$180.73 and a high of C$259.60. In terms of moving averages, the stock has a 50-day average of C$248.44 and a 200-day average of C$232.80.

WSP Global last reported its quarterly earnings on November 6th, revealing earnings of C$2.24 per share for the quarter, matching analyst forecasts. The firm generated revenue of C$3 billion, meeting expectations. WSP Global recorded a return on equity of 9.40% and a net margin of 4.03%. Analysts are projecting that the company will achieve earnings per share (EPS) of approximately 9.57 for the current fiscal year.

Dividend Information

Recently, WSP Global announced the payment of a quarterly dividend which is set to be distributed on January 15th. Those holding shares on the record date will receive a dividend of $0.375 per share. The ex-dividend date is noted as December 31st, which results in an annualized dividend payout of $1.50, corresponding to a yield of 0.59%. The company’s current dividend payout ratio stands at 31.38%.

About WSP Global Inc.

WSP Global Inc. operates as a professional consulting services firm, with operations in the United States, Canada, the United Kingdom, Sweden, Australia, and globally. The company is involved in advising, planning, designing, and managing projects across various sectors including rail, transit, aviation, highways, bridges, tunnels, water management, maritime, and urban infrastructure, serving both public and private clients, as well as construction contractors and other partners.

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