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

WSP Global (TSE:WSP) had its target price upped by Desjardins from C$246.00 to C$249.00 in a research note published on Thursday morning, BayStreet.CA reports. The brokerage 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 equities research analysts also recently commented on WSP. Stifel Nicolaus boosted their target price on WSP Global from C$235.00 to C$250.00 and gave the stock a buy rating in a research report on Thursday. Scotiabank upped their price objective on WSP Global from C$239.00 to C$241.00 in a research report on Friday, May 10th. Canaccord Genuity Group upped their price objective on WSP Global from C$235.00 to C$255.00 and gave the company a buy rating in a research report on Wednesday, July 31st. BMO Capital Markets upped their price objective on WSP Global from C$249.00 to C$252.00 in a research report on Thursday. Finally, National Bankshares upped their price objective on WSP Global from C$234.00 to C$251.00 and gave the company an outperform rating in a research report on Thursday. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, WSP Global presently has an average rating of Buy and an average target price of C$246.92.

WSP Global Price Performance

TSE:WSP opened at C$219.62 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 70.90. The company has a market capitalization of C$27.38 billion, a P/E ratio of 48.70, a P/E/G ratio of 1.09 and a beta of 0.82. WSP Global has a 12 month low of C$174.39 and a 12 month high of C$230.98. The business’s 50-day moving average is C$214.25 and its 200 day moving average is C$212.70.

WSP Global (TSE:WSP) last posted its earnings results on Wednesday, May 8th. The company reported C$1.55 EPS for the quarter, topping analysts’ consensus estimates of C$1.48 by C$0.07. The company had revenue of C$2.79 billion for 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%. On average, equities research analysts forecast that WSP Global will post 8.0954598 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

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

Insider Transactions at WSP Global

In other news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total value of C$595,099,169.00. Company insiders own 0.07% of the company’s stock.

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.