WSP Global (TSE:WSP) Price Target Raised to C$249.00 at Desjardins

WSP Global (TSE:WSP) had its price target upped by Desjardins from C$246.00 to C$249.00 in a research note released on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock. Desjardins also issued estimates for WSP Global’s FY2025 earnings at $9.16 EPS.

A number of other analysts have also recently issued reports on the company. Stifel Nicolaus increased their price objective on WSP Global from C$235.00 to C$250.00 and gave the stock a buy rating in a report on Thursday. Canaccord Genuity Group increased their price objective on WSP Global from C$235.00 to C$255.00 and gave the stock a buy rating in a report on Wednesday, July 31st. TD Securities increased their price objective on WSP Global from C$265.00 to C$273.00 and gave the stock a buy rating in a report on Thursday. National Bankshares increased their price objective on WSP Global from C$234.00 to C$251.00 and gave the stock an outperform rating in a report on Thursday. Finally, CIBC raised their price target on WSP Global from C$239.00 to C$245.00 and gave the company an outperform rating in a report on Thursday. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, WSP Global currently has an average rating of Buy and an average target price of C$246.92.

WSP Global Stock Down 2.1 %

WSP stock opened at C$219.62 on Thursday. 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$27.38 billion, a price-to-earnings ratio of 48.70, a PEG ratio of 1.09 and a beta of 0.82. WSP Global has a fifty-two week low of C$174.39 and a fifty-two week high of C$230.98. The stock has a fifty day moving average of C$214.25 and a 200-day moving average of C$212.70.

WSP Global (TSE:WSP) last posted its quarterly earnings results 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. The company had revenue of C$2.79 billion during the quarter, compared to the consensus estimate of C$2.76 billion. WSP Global had a return on equity of 9.05% and a net margin of 3.88%. As a group, equities research analysts predict that WSP Global will post 8.0954598 earnings per share for the current year.

WSP Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.375 per share. The ex-dividend date is Friday, September 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.68%. WSP Global’s dividend payout ratio is 33.26%.

Insider Activity at WSP Global

In related news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total transaction of C$595,099,169.00. 0.07% of the stock is currently owned by insiders.

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.