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

Shares of WSP Global Inc. (TSE:WSP) have received a consensus recommendation of “Buy” from the twelve brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$246.92.

Several equities research analysts have recently issued reports on the company. Desjardins lifted their price target on WSP Global from C$246.00 to C$249.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group boosted their target price on shares of WSP Global from C$235.00 to C$255.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Stifel Nicolaus raised their price target on shares of WSP Global from C$235.00 to C$250.00 and gave the company a “buy” rating in a report on Thursday. National Bankshares lifted their price objective on shares of WSP Global from C$234.00 to C$251.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, TD Securities increased their target price on shares of WSP Global from C$265.00 to C$273.00 and gave the stock a “buy” rating in a research report on Thursday.

Insider Activity at WSP Global

In other WSP Global news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of WSP Global stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total value of C$595,099,169.00. 0.07% of the stock is owned by corporate insiders.

WSP Global Stock Down 2.1 %

WSP stock opened at C$219.62 on Monday. The company has a 50 day moving average of C$214.25 and a two-hundred day moving average of C$212.70. The company has a market cap of C$27.38 billion, a price-to-earnings ratio of 48.70, a PEG ratio of 1.09 and a beta of 0.82. WSP Global has a 12-month low of C$174.39 and a 12-month high of C$230.98. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 70.90.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$1.55 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.48 by C$0.07. WSP Global had a net margin of 3.88% and a return on equity of 9.05%. The business had revenue of C$2.79 billion for the quarter, compared to the consensus estimate of C$2.76 billion. On average, equities analysts anticipate that WSP Global will post 8.0954598 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.375 per share. The ex-dividend date is Friday, September 27th. This represents a $1.50 annualized dividend and a dividend yield of 0.68%. WSP Global’s dividend payout ratio is presently 33.26%.

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.