WSP Global Inc. (TSE:WSP) Receives C$313.42 Average Price Target from Analysts

WSP Global Inc. (TSE:WSP) has received a consensus recommendation of “Buy” from the eleven research firms that are covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$313.42.

WSP has been the topic of a number of research analyst reports. Desjardins lowered their target price on WSP Global from C$375.00 to C$372.00 and set a “buy” rating on the stock in a report on Friday, May 8th. TD reduced their price objective on WSP Global from C$308.00 to C$307.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. National Bank Financial raised their price objective on shares of WSP Global from C$268.00 to C$272.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce dropped their target price on shares of WSP Global from C$328.00 to C$318.00 in a research report on Friday, May 8th. Finally, Scotiabank increased their price target on shares of WSP Global from C$284.00 to C$286.00 and gave the company an “outperform” rating in a report on Monday, April 13th.

Insider Activity at WSP Global

In other news, Director Pascale Sourisse bought 364 shares of WSP Global stock in a transaction that occurred on Wednesday, June 24th. The stock was purchased at an average cost of C$172.02 per share, with a total value of C$62,615.28. Following the completion of the transaction, the director directly owned 888 shares in the company, valued at C$152,753.76. This trade represents a 69.47% increase in their ownership of the stock. Insiders own 0.06% of the company’s stock.

WSP Global Price Performance

WSP stock opened at C$178.48 on Monday. The stock has a market capitalization of C$24.06 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 1.09 and a beta of 0.20. The company has a 50-day moving average of C$193.59 and a two-hundred day moving average of C$223.67. WSP Global has a 52-week low of C$170.85 and a 52-week high of C$291.46. The company has a debt-to-equity ratio of 87.04, a current ratio of 1.19 and a quick ratio of 1.04.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 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 for the quarter. As a group, equities research analysts anticipate that WSP Global will post 9.5687404 EPS for the current year.

WSP Global Dividend Announcement

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

About WSP Global

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).