Analysts Set WSP Global Inc. (TSE:WSP) Target Price at C$237.08

Shares of WSP Global Inc. (TSE:WSP – Get Free Report) have been given a consensus recommendation of “Buy” by the twelve analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$237.08.

A number of research analysts have weighed in on WSP shares. BMO Capital Markets lifted their price target on shares of WSP Global from C$246.00 to C$248.00 in a research note on Friday, May 10th. National Bankshares lifted their price objective on shares of WSP Global from C$212.00 to C$234.00 and gave the company an “outperform” rating in a report on Friday, March 1st. ATB Capital lifted their price objective on shares of WSP Global from C$210.00 to C$220.00 and gave the company a “sector perform” rating in a report on Friday, March 1st. TD Securities lifted their price objective on shares of WSP Global from C$220.00 to C$255.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Royal Bank of Canada lifted their price objective on shares of WSP Global from C$237.00 to C$245.00 in a report on Friday, May 10th.

WSP traded down C$1.18 during midday trading on Friday, hitting C$207.96. The company had a trading volume of 98,126 shares, compared to its average volume of 171,504. The company has a debt-to-equity ratio of 70.90, a quick ratio of 1.04 and a current ratio of 1.20. The company has a market capitalization of C$25.93 billion, a PE ratio of 46.11, a P/E/G ratio of 1.09 and a beta of 0.82. WSP Global has a twelve month low of C$166.75 and a twelve month high of C$230.98. The firm’s 50-day simple moving average is C$211.44 and its 200-day simple moving average is C$204.34. WSP Global (TSE:WSP – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th.

The company reported C$1.55 earnings per share for the quarter, topping the consensus estimate of C$1.48 by C$0.07. WSP Global had a net margin of 3.88% and a return on equity of 9.05%. The business had revenue of C$2.79 billion for the quarter, compared to analyst estimates of C$2.76 billion. Equities research analysts predict that WSP Global will post 8.0954598 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, June 28th. WSP Global’s payout ratio is 33.26%.

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.

Featured Stories
• Five stocks we like better than WSP Global
• How to Choose Top Rated Stocks
• MarketBeat Week in Review – 6/3 – 6/7
• Stock Average Calculator
• Geron Corporation: FDA Approval Fuels Stock Price Surge
• Transportation Stocks Investing
• Intel’s Secret Plan for a Double-Digit Stock Rally Revealed

Should you invest $1,000 in WSP Global right now?
Before you consider WSP Global, you’ll want to hear this. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and WSP Global wasn’t on the list. While WSP Global currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies. Get This Free Report