Pascale Sourisse Buys 364 Shares of WSP Global (TSE:WSP) Stock

WSP Global Inc. (TSE:WSP) Director Pascale Sourisse acquired 364 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were acquired at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the purchase, the director directly owned 888 shares in the company, valued at C$152,753.76. This trade represents a 69.47% increase in their position.

WSP Global Trading Down 0.3%

TSE:WSP traded down C$0.54 on Thursday, reaching C$174.20. The company’s stock had a trading volume of 245,711 shares, compared to its average volume of 511,489. WSP Global Inc. has a 1-year low of C$170.85 and a 1-year high of C$291.46. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19. The firm has a market cap of C$23.49 billion, a PE ratio of 23.77, a PEG ratio of 1.09 and a beta of 0.20. The business’s 50-day moving average price is C$200.83 and its two-hundred day moving average price is C$226.87.

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

WSP Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, June 30th. WSP Global’s payout ratio is presently 20.46%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Scotiabank raised their price objective on WSP Global from C$284.00 to C$286.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Royal Bank Of Canada upped their target price on WSP Global from C$316.00 to C$325.00 in a report on Friday, February 27th. TD decreased their price target on WSP Global from C$308.00 to C$307.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. ATB Cormark Capital Markets lowered their price target on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Finally, Desjardins dropped their price objective on WSP Global from C$375.00 to C$372.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$313.42.

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).