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

Shares of WSP Global Inc. (TSE:WSP) have earned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings 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 brokers that have covered the stock in the last year is C$313.42.

WSP has been the subject of a number of recent research reports. ATB Cormark Capital Markets dropped their target price on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. BMO Capital Markets dropped their target price on WSP Global from C$334.00 to C$305.00 in a research report on Friday, May 8th. Canaccord Genuity Group dropped their target price on WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Stifel Nicolaus dropped their target price on WSP Global from C$320.00 to C$280.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Desjardins decreased their price objective on WSP Global from C$375.00 to C$372.00 and set a “buy” rating for the company in a research note on Friday, May 8th.

Insider Activity at WSP Global

In related news, Director Pascale Sourisse acquired 364 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was acquired at an average cost of C$172.02 per share, with a total value of C$62,615.28. Following the completion of the purchase, the director directly owned 888 shares in the company, valued at approximately C$152,753.76. This trade represents a 69.47% increase in their ownership of the stock. 0.06% of the stock is currently owned by company insiders.

WSP Global Stock Performance

WSP stock opened at C$178.21 on Monday. The company has a market cap of C$24.03 billion, a P/E ratio of 24.31, a PEG ratio of 1.09 and a beta of 0.20. WSP Global has a twelve month low of C$170.85 and a twelve month high of C$291.46. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 87.04. The business has a fifty day moving average of C$198.79 and a 200-day moving average of C$225.94.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share for the quarter. The company had revenue of C$4.55 billion during the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%. As a group, equities research analysts expect that WSP Global will post 9.5687404 EPS for the current year.

WSP Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.8%. WSP Global’s payout ratio is 20.46%.

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).