WSP Global Inc. (TSE:WSP) Receives C$283.77 Consensus Target Price from Analysts

WSP Global Inc. (TSE:WSP) has earned an average recommendation of “Buy” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$283.77.

WSP has been the subject of a number of recent research reports. Raymond James increased their target price on shares of WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 30th. BMO Capital Markets increased their price objective on shares of WSP Global from C$284.00 to C$294.00 in a report on Thursday, February 27th. CIBC boosted their target price on WSP Global from C$295.00 to C$296.00 in a report on Thursday, April 17th. UBS Group increased their price target on WSP Global from C$274.00 to C$285.00 in a report on Wednesday, March 5th. Finally, TD Securities boosted their price objective on WSP Global from C$300.00 to C$305.00 and gave the stock a “buy” rating in a research note on Friday, February 14th.

WSP Global Stock Performance

TSE WSP opened at C$249.08 on Wednesday. The stock has a market capitalization of C$32.14 billion, a price-to-earnings ratio of 47.60, a PEG ratio of 1.09 and a beta of 0.82. The stock has a 50-day moving average of C$244.88 and a 200 day moving average of C$247.88. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. WSP Global has a twelve month low of C$201.24 and a twelve month high of C$264.87.

WSP Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Monday, March 31st. WSP Global’s dividend payout ratio is currently 28.66%.

Insider Buying and Selling

In other WSP Global news, Director Macky Tall purchased 2,056 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was 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 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).