WSP Global Inc. (TSE:WSP) Given Consensus Recommendation of “Buy” by Brokerages

Shares of WSP Global Inc. (TSE:WSP) have earned an average rating of “Buy” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$284.85.

Several brokerages recently weighed in on WSP. Stifel Nicolaus increased their target price on WSP Global from C$295.00 to C$310.00 in a research note on Tuesday, February 18th. Scotiabank increased their target price on WSP Global from C$281.00 to C$283.00 in a research note on Wednesday, February 19th. TD Securities increased their target price on WSP Global from C$300.00 to C$305.00 and gave the company a “buy” rating in a research note on Friday, February 14th. CIBC increased their target price on WSP Global from C$293.00 to C$295.00 in a research note on Friday, February 28th. Finally, UBS Group increased their target price on WSP Global from C$274.00 to C$285.00 in a research note on Wednesday, March 5th.

Insider Transactions at WSP Global

In related news, Director Macky Tall bought 2,056 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was acquired 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 currently owned by insiders.

WSP Global Price Performance

Shares of TSE:WSP opened at C$244.25 on Tuesday. The business has a 50 day moving average price of C$250.68 and a 200 day moving average price of C$244.87. WSP Global has a twelve month low of C$201.24 and a twelve month high of C$264.87. The company has a market cap of C$31.51 billion, a price-to-earnings ratio of 46.67, a PEG ratio of 1.09 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45.

WSP Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.61%. WSP Global’s payout ratio is presently 28.66%.

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).