Canaccord Genuity Group Issues Positive Forecast for WSP Global (TSE:WSP) Stock Price

WSP Global (TSE:WSP) had its target price hoisted by Canaccord Genuity Group from C$300.00 to C$305.00 in a report issued on Friday,BayStreet.CA reports.

WSP has been the topic of several other research reports. Stifel Nicolaus cut their price target on shares of WSP Global from C$310.00 to C$300.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Scotiabank raised their price target on shares of WSP Global from C$281.00 to C$283.00 in a report on Wednesday, February 19th. CIBC increased their price objective on shares of WSP Global from C$295.00 to C$296.00 in a research report on Thursday, April 17th. TD Securities increased their price objective on shares of WSP Global from C$298.00 to C$307.00 and gave the company a “buy” rating in a research report on Monday, May 12th. Finally, BMO Capital Markets increased their price objective on shares of WSP Global from C$284.00 to C$294.00 in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$284.31.

WSP Global Trading Down 1.2%

TSE WSP opened at C$271.52 on Friday. WSP Global has a one year low of C$204.28 and a one year high of C$284.15. The company’s 50 day moving average price is C$260.33 and its 200 day moving average price is C$253.07. 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 firm has a market capitalization of C$35.03 billion, a price-to-earnings ratio of 51.89, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, March 31st. WSP Global’s payout ratio is currently 28.66%.

Insider Transactions at WSP Global

In other WSP Global news, Senior Officer Mark Naysmith sold 6,715 shares of WSP Global stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of C$281.34, for a total value of C$1,889,184.67. Corporate insiders own 0.06% of the company’s stock.

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).