CIBC Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

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

A number of other research analysts have also recently weighed in on the stock. ATB Capital lifted their price objective 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. Raymond James upped their price objective on shares of 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. Canaccord Genuity Group upped their price objective on WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Scotiabank raised shares of WSP Global to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada boosted their price target on shares of WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$268.27.

WSP Global Trading Down 0.7 %

WSP opened at C$250.64 on Friday. WSP Global has a one year low of C$180.73 and a one year high of C$259.60. The stock’s 50 day moving average price is C$247.25 and its 200-day moving average price is C$229.49. The stock has a market cap of C$31.25 billion, a price-to-earnings ratio of 52.44, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13.

WSP Global (TSE:WSP) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$2.24. The business had revenue of C$3 billion for the quarter, compared to the consensus estimate of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. On average, equities analysts forecast that WSP Global will post 9.5687404 EPS for the current year.

WSP Global Announces Dividend

The firm 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 yield of 0.60%. WSP Global’s dividend payout ratio (DPR) is presently 31.38%.

WSP Global Company Profile

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.