WSP Global Inc. (TSE:WSP) Receives C$284.85 Consensus Target Price from Analysts

WSP Global Inc. (TSE:WSP) has been assigned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$284.85.

Several research analysts recently weighed in on WSP shares. Stifel Nicolaus raised their target price on WSP Global from C$295.00 to C$310.00 in a research note on Tuesday, February 18th. Scotiabank raised their price objective on shares of WSP Global from C$281.00 to C$283.00 in a research report on Wednesday, February 19th. Canaccord Genuity Group lifted their price objective on shares of WSP Global from C$290.00 to C$305.00 in a research note on Friday, February 28th. CIBC increased their target price on shares of WSP Global from C$293.00 to C$295.00 in a research note on Friday, February 28th. Finally, Raymond James lifted their price target 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.

Insider Activity at WSP Global

In related news, Director Macky Tall acquired 2,056 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of C$243.94 per share, with a total value of C$501,540.64. 0.06% of the stock is owned by insiders.

WSP Global Price Performance

Shares of TSE:WSP opened at C$240.00 on Tuesday. The stock has a market cap of C$30.96 billion, a price-to-earnings ratio of 45.86, a PEG ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. WSP Global has a 12 month low of C$201.24 and a 12 month high of C$264.87. The stock’s 50 day moving average price is C$250.05 and its 200 day moving average price is C$245.23.

WSP Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.375 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.63%. WSP Global’s dividend payout ratio is 28.66%.

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).