WSP Global Inc. (TSE:WSP) Given Average Recommendation of “Buy” by Brokerages

Shares of WSP Global Inc. (TSE:WSP) have been given a consensus rating of “Buy” by the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$304.69.

Several equities analysts have weighed in on the stock. ATB Capital raised their target price on shares of WSP Global from C$270.00 to C$305.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. TD Securities raised their target price on shares of WSP Global from C$298.00 to C$307.00 and gave the company a “buy” rating in a report on Monday, May 12th. Stifel Nicolaus raised their target price on shares of WSP Global from C$305.00 to C$317.00 in a report on Wednesday, July 16th. BMO Capital Markets raised their target price on shares of WSP Global from C$312.00 to C$324.00 in a report on Thursday, August 7th. Finally, CIBC raised their target price on shares of WSP Global from C$305.00 to C$317.00 in a report on Friday, July 18th.

WSP Global Stock Performance

TSE:WSP opened at C$279.68 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The firm has a 50-day moving average price of C$281.40 and a two-hundred day moving average price of C$264.78. WSP Global has a twelve month low of C$217.42 and a twelve month high of C$289.94. The company has a market capitalization of C$36.51 billion, a P/E ratio of 45.62, a price-to-earnings-growth ratio of 1.09 and a beta of 0.67.

WSP Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 30th. WSP Global’s dividend payout ratio (DPR) is currently 24.47%.

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).