WSP Global (TSE:WSP) Given New C$305.00 Price Target at TD Securities

WSP Global (TSE:WSP) had its price objective lifted by TD Securities from C$300.00 to C$305.00 in a research report released on Friday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other analysts have also issued reports on the company. Raymond James raised their price target on WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 30th. CIBC lowered their target price on shares of WSP Global from C$280.00 to C$278.00 in a report on Monday, February 3rd. Royal Bank of Canada upped their price target on shares of WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. BMO Capital Markets lifted their price target on shares of WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. Finally, Scotiabank upped their price objective on WSP Global from C$279.00 to C$281.00 in a report on Monday, February 10th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$277.73.

WSP Global Stock Performance

Shares of TSE WSP opened at C$249.23 on Friday. The company has a 50-day simple moving average of C$250.46 and a 200-day simple moving average of C$241.29. 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 company has a market cap of C$32.15 billion, a PE ratio of 47.63, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. WSP Global has a 12 month low of C$201.24 and a 12 month high of C$262.00.

WSP Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a dividend of $0.375 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.60%. WSP Global’s payout ratio is currently 28.66%.

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.