WSP Global (TSE:WSP) Sets New 52-Week High at $234.40

WSP Global Inc. (TSE:WSP)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$234.40 and last traded at C$233.37, with a volume of 6291 shares changing hands. The stock had previously closed at C$232.52.

Analysts Set New Price Targets

Several research analysts have commented on WSP shares. ATB Capital lifted their price objective on shares of WSP Global from C$235.00 to C$250.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Stifel Nicolaus boosted their target price on shares of WSP Global from C$250.00 to C$260.00 in a research note on Tuesday, August 20th. Royal Bank of Canada upped their target price on shares of WSP Global from C$252.00 to C$261.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. National Bankshares set a C$255.00 price target on WSP Global and gave the company an “outperform” rating in a report on Monday, August 19th. Finally, Raymond James raised their price objective on WSP Global from C$255.00 to C$270.00 and gave the stock a “strong-buy” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, WSP Global has an average rating of “Buy” and an average price target of C$254.50.

WSP Global Stock Performance

The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13. The stock has a market cap of C$28.89 billion, a PE ratio of 48.37, a price-to-earnings-growth ratio of 1.09 and a beta of 0.81. The firm has a fifty day moving average price of C$223.47 and a 200 day moving average price of C$217.65.

WSP Global (TSE:WSP) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$1.89 EPS for the quarter, missing analysts’ consensus estimates of C$1.90 by C($0.01). WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The business had revenue of C$2.99 billion during the quarter, compared to analysts’ expectations of C$2.93 billion. Research analysts forecast that WSP Global Inc. will post 9.4701583 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.65%. The ex-dividend date is Friday, September 27th. WSP Global’s dividend payout ratio is presently 31.32%.

About WSP Global

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.