WSP Global (TSE:WSP) Hits New 52-Week High at $225.11

WSP Global Inc. (TSE:WSP) shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$225.11 and last traded at C$226.49, with a volume of 62555 shares. The stock had previously closed at C$226.95.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on WSP Global from C$252.00 to C$257.00 and gave the stock an “outperform” rating in a report on Tuesday. Canaccord Genuity Group upped their price objective on shares of WSP Global from C$235.00 to C$255.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Stifel Nicolaus increased their target price on shares of WSP Global from C$250.00 to C$260.00 in a report on Tuesday. TD Securities boosted their price target on shares of WSP Global from C$273.00 to C$279.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Scotiabank upped their price target on shares of WSP Global from C$239.00 to C$241.00 in a research report on Friday, May 10th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$254.50.

WSP Global Price Performance

The stock’s 50-day moving average is C$218.11 and its 200 day moving average is C$214.98. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04. The company has a market cap of C$28.25 billion, a PE ratio of 47.50, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$1.89 EPS for the quarter, missing the consensus estimate of C$1.90 by C($0.01). The business had revenue of C$2.99 billion for the quarter, compared to analysts’ expectations of C$2.93 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. On average, equities analysts anticipate that WSP Global Inc. will post 8.0147448 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 Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Friday, September 27th. WSP Global’s dividend payout ratio is presently 31.45%.

WSP Global Company Profile

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.