Analysts Set WSP Global Inc. (TSE:WSP) PT at C$300.50

Shares of WSP Global Inc. (TSE:WSP) have earned an average rating of “Buy” from the eleven ratings firms that are covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$300.50.

WSP has been the topic of a number of research analyst reports. Canaccord Genuity Group decreased their price objective on shares of WSP Global from C$345.00 to C$315.00 and set a “buy” rating on the stock in a report on Friday, May 8th. ATB Cormark Capital Markets dropped their target price on shares of WSP Global from C$335.00 to C$330.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. BMO Capital Markets reduced their target price on shares of WSP Global from C$278.00 to C$272.00 in a research report on Tuesday, July 14th. Canadian Imperial Bank of Commerce decreased their price target on shares of WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a research note on Wednesday, July 8th. Finally, Desjardins set a C$372.00 price target on shares of WSP Global and gave the company a “buy” rating in a report on Thursday, July 16th.

WSP Global Stock Performance

Shares of WSP opened at C$161.14 on Friday. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19. The company has a market cap of C$21.72 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.09 and a beta of 0.20. The stock has a fifty day moving average price of C$180.91 and a two-hundred day moving average price of C$215.78. WSP Global has a 52-week low of C$156.64 and a 52-week high of C$291.46.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, May 6th. The company reported C$2.21 EPS for the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%.The company had revenue of C$4.55 billion for the quarter. Analysts predict that WSP Global will post 9.5687404 EPS for the current fiscal year.

WSP Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, June 30th. WSP Global’s dividend payout ratio (DPR) is presently 20.46%.

Insider Buying and Selling

In other news, Director Pascale Sourisse bought 364 shares of the stock in a transaction dated Wednesday, June 24th. The stock was bought at an average cost of C$172.02 per share, with a total value of C$62,615.28. Following the purchase, the director owned 888 shares of the company’s stock, valued at approximately C$152,753.76. This represents a 69.47% increase in their ownership of the stock. Insiders own 0.06% of the company’s stock.

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).