WSP Global Inc. (TSE:WSP) Given Average Rating of “Buy” by Analysts

WSP Global Inc. (TSE:WSP) has been assigned an average rating of “Buy” from the eleven ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$283.77.

Several analysts have issued reports on WSP shares. Scotiabank boosted their price objective on WSP Global from C$281.00 to C$283.00 in a report on Wednesday, February 19th. TD Securities upped 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. Raymond James lifted their price objective on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 30th. Stifel Nicolaus reduced their target price on WSP Global from C$310.00 to C$300.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, BMO Capital Markets lifted their price target on WSP Global from C$284.00 to C$294.00 in a report on Thursday, February 27th.

Insider Activity

In other WSP Global news, Director Macky Tall purchased 2,056 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of C$243.94 per share, for a total transaction of C$501,540.64. Insiders own 0.06% of the company’s stock.

WSP Global Stock Performance

WSP opened at C$250.30 on Wednesday. The business has a fifty day simple moving average of C$244.62 and a 200-day simple moving average of C$247.89. The firm has a market cap of C$32.29 billion, a PE ratio of 47.83, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45. WSP Global has a fifty-two week low of C$201.24 and a fifty-two week high of C$264.87.

WSP Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.50 annualized dividend and a yield of 0.60%. WSP Global’s dividend payout ratio (DPR) is currently 28.66%.

WSP Global Company Profile

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).