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

WSP Global (TSE:WSP) had its target price increased by CIBC from C$293.00 to C$295.00 in a research note published on Friday morning,BayStreet.CA reports.

A number of other research analysts have also recently commented on the stock. BMO Capital Markets increased their target price on shares of WSP Global from C$284.00 to C$294.00 in a report on Thursday. Royal Bank of Canada increased their target price on shares of WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th. TD Securities increased their target price on shares of WSP Global from C$300.00 to C$305.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Raymond James raised 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 report on Thursday, January 30th. Finally, Stifel Nicolaus raised their price target on shares of WSP Global from C$295.00 to C$310.00 in a report on Tuesday, February 18th. One 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 company’s stock. Based on data from MarketBeat.com, WSP Global has a consensus rating of “Buy” and an average price target of C$284.83.

WSP Global Trading Up 1.2 %

Shares of WSP Global stock opened at C$258.04 on Friday. The company has a market capitalization of C$33.29 billion, a price-to-earnings ratio of 49.31, 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 1.26 and a debt-to-equity ratio of 80.45. WSP Global has a 12-month low of C$201.24 and a 12-month high of C$264.87. The firm’s 50-day moving average price is C$251.26 and its two-hundred day moving average price is C$243.30.

WSP Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Tuesday, December 31st. WSP Global’s payout ratio is 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.