WSP Global Inc. (TSE:WSP) Receives C$283.77 Consensus PT from Brokerages

Shares of WSP Global Inc. (TSE:WSP) have been given an average rating of “Buy” by the eleven analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$283.77.

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of WSP Global from C$310.00 to C$300.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. TD Securities boosted their target price on WSP Global from C$300.00 to C$305.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Scotiabank increased their price target on WSP Global from C$281.00 to C$283.00 in a research note on Wednesday, February 19th. UBS Group boosted their price objective on WSP Global from C$274.00 to C$285.00 in a research note on Wednesday, March 5th. Finally, Raymond James increased their target price 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.

WSP Global Price Performance

Shares of TSE:WSP opened at C$249.08 on Wednesday. WSP Global has a fifty-two week low of C$201.24 and a fifty-two week high of C$264.87. The company’s 50-day moving average is C$244.88 and its 200 day moving average is C$247.88. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26. The company has a market capitalization of C$32.14 billion, a P/E ratio of 47.60, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82.

WSP Global Dividend Announcement

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

Insider Transactions at WSP Global

In other news, Director Macky Tall bought 2,056 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of C$243.94 per share, for a total transaction of C$501,540.64. 0.06% of the stock is currently owned by insiders.

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).