WSP Global (TSE:WSP) Director Pascale Sourisse Acquires 364 Shares of Stock

WSP Global Inc. (TSE:WSP) Director Pascale Sourisse bought 364 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was purchased at an average price of C$172.02 per share, for a total transaction of C$62,615.28. Following the acquisition, the director directly owned 888 shares in the company, valued at approximately C$152,753.76. This trade represents a 69.47% increase in their ownership of the stock.

WSP Global Stock Down 0.8%

Shares of WSP stock opened at C$173.36 on Friday. WSP Global Inc. has a 12 month low of C$170.85 and a 12 month high of C$291.46. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 87.04. The firm has a market cap of C$23.37 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.09 and a beta of 0.20. The stock has a 50 day moving average of C$199.79 and a 200-day moving average of C$226.39.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share for the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. The business had revenue of C$4.55 billion during the quarter. On average, equities analysts predict that WSP Global Inc. will post 9.5687404 EPS for the current year.

WSP Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, June 30th. WSP Global’s dividend payout ratio is currently 20.46%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WSP. BMO Capital Markets cut their price target on shares of WSP Global from C$334.00 to C$305.00 in a report on Friday, May 8th. Royal Bank Of Canada lifted their price objective on WSP Global from C$316.00 to C$325.00 in a research report on Friday, February 27th. Scotiabank raised their target price on WSP Global from C$284.00 to C$286.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Canaccord Genuity Group cut their price target on WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reduced their target price on shares of WSP Global from C$328.00 to C$318.00 in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat, WSP Global presently has a consensus rating of “Buy” and a consensus price target of C$313.42.

About WSP Global

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).