Pascale Sourisse Acquires 364 Shares of WSP Global (TSE:WSP) Stock

WSP Global Inc. (TSE:WSP) Director Pascale Sourisse bought 364 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were bought at an average price of C$172.02 per share, with a total value of C$62,615.28. Following the purchase, the director owned 888 shares in the company, valued at C$152,753.76. The trade was a 69.47% increase in their position.

WSP Global Stock Performance

WSP traded down C$0.54 during trading on Thursday, hitting C$174.20. The stock had a trading volume of 245,711 shares, compared to its average volume of 511,489. WSP Global Inc. has a one year low of C$170.85 and a one year 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. The company has a 50 day moving average price of C$200.83 and a 200-day moving average price of C$226.87. The firm has a market cap of C$23.49 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.09 and a beta of 0.20.

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 firm had revenue of C$4.55 billion for the quarter. As a group, research analysts predict that WSP Global Inc. will post 9.5687404 EPS for the current year.

WSP Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.9%. WSP Global’s dividend payout ratio is 20.46%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Scotiabank boosted their target price on shares of WSP Global from C$284.00 to C$286.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. TD cut their price objective on WSP Global from C$308.00 to C$307.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Canadian Imperial Bank of Commerce reduced their price objective on WSP Global from C$328.00 to C$318.00 in a research report on Friday, May 8th. BMO Capital Markets lowered their target price on WSP Global from C$334.00 to C$305.00 in a report on Friday, May 8th. Finally, Royal Bank Of Canada increased their target price on WSP Global from C$316.00 to C$325.00 in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$313.42.

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).