Royal Bank of Canada Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its target price hoisted by Royal Bank of Canada from C$261.00 to C$279.00 in a research note released on Friday morning,BayStreet.CA reports.

Several other equities analysts have also commented on WSP. Canaccord Genuity Group increased their price objective on WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Desjardins increased their price objective on WSP Global from C$249.00 to C$257.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Stifel Nicolaus increased their price objective on WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. ATB Capital increased their price objective on WSP Global from C$235.00 to C$250.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, National Bankshares set a C$255.00 price target on WSP Global and gave the stock an “outperform” rating in a research report on Monday, August 19th. 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, the company has a consensus rating of “Buy” and a consensus target price of C$261.67.

WSP Global Price Performance

Shares of TSE:WSP traded down C$11.00 on Friday, hitting C$241.25. The company’s stock had a trading volume of 296,878 shares, compared to its average volume of 181,232. The company has a 50-day simple moving average of C$240.46 and a 200 day simple moving average of C$223.95. WSP Global has a 1 year low of C$180.73 and a 1 year high of C$259.17. The company has a market capitalization of C$30.08 billion, a PE ratio of 50.47, a PEG ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04.

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

WSP Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Tuesday, December 31st. WSP Global’s payout ratio is presently 31.38%.

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.