BMO Capital Markets Forecasts Strong Price Appreciation for WSP Global (TSE:WSP) Stock

WSP Global (TSE:WSP) had its price objective lifted by BMO Capital Markets from C$284.00 to C$294.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Several other equities analysts have also issued reports on WSP. Raymond James lifted 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. Royal Bank of Canada lifted their price target on WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th. Stifel Nicolaus upped their price objective on WSP Global from C$295.00 to C$310.00 in a research note on Tuesday, February 18th. Scotiabank lifted their target price on WSP Global from C$281.00 to C$283.00 in a research note on Wednesday, February 19th. Finally, TD Securities increased their price target on shares of WSP Global from C$300.00 to C$305.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One equities 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 data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$282.82.

WSP Global Stock Performance

Shares of WSP Global stock opened at C$255.05 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The stock’s fifty day moving average price is C$251.10 and its 200-day moving average price is C$243.00. The firm has a market cap of C$32.91 billion, a P/E ratio of 48.74, a P/E/G 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$264.87.

WSP Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Tuesday, December 31st. WSP Global’s payout ratio is currently 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.