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

Shares of WSP Global Inc. (TSE:WSP) have earned a consensus rating of “Buy” from the twelve research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$237.08.

Several analysts have recently issued reports on WSP shares. Royal Bank of Canada upped their price target on WSP Global from C$237.00 to C$245.00 in a research note on Friday, May 10th. Scotiabank upped their target price on WSP Global from C$239.00 to C$241.00 in a research report on Friday, May 10th. BMO Capital Markets increased their price target on WSP Global from C$246.00 to C$248.00 in a report on Friday, May 10th. Finally, Stifel Nicolaus reduced their price objective on shares of WSP Global from C$245.00 to C$235.00 in a research note on Friday, May 10th.

Insider Transactions at WSP Global

In other WSP Global news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total value of C$595,099,169.00. 0.07% of the stock is owned by company insiders.

WSP Global Price Performance

Shares of TSE:WSP opened at C$219.89 on Thursday. The company has a market capitalization of C$27.42 billion, a PE ratio of 48.76, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 70.90, a quick ratio of 1.04 and a current ratio of 1.20. The stock has a fifty day moving average of C$210.56 and a 200-day moving average of C$207.08. WSP Global has a one year low of C$169.50 and a one year high of C$230.98.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$1.55 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.48 by C$0.07. WSP Global had a net margin of 3.88% and a return on equity of 9.05%. The business had revenue of C$2.79 billion for the quarter, compared to the consensus estimate of C$2.76 billion. As a group, equities analysts anticipate that WSP Global will post 8.0954598 EPS for the current fiscal year.

WSP Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be given a $0.375 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.50 dividend on an annualized basis and a yield of 0.68%. WSP Global’s dividend payout ratio (DPR) is presently 33.26%.

WSP Global Company Profile

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.