WSP Global Inc. (TSE:WSP) Receives C$300.50 Average PT from Brokerages

Shares of WSP Global Inc. (TSE:WSP) have received an average recommendation of “Buy” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$296.17.

A number of research firms recently weighed in on WSP. TD decreased their price target on WSP Global from C$307.00 to C$255.00 and set a “buy” rating for the company in a research report on Tuesday. Canaccord Genuity Group cut their price objective on WSP Global from C$345.00 to C$315.00 and set a “buy” rating on the stock in a report on Friday, May 8th. BMO Capital Markets reduced their price objective on shares of WSP Global from C$278.00 to C$272.00 in a research note on Tuesday, July 14th. Desjardins set a C$372.00 price objective on shares of WSP Global and gave the company a “buy” rating in a research note on Thursday, July 16th. Finally, ATB Cormark Capital Markets decreased their target price on shares of WSP Global from C$335.00 to C$330.00 and set an “outperform” rating for the company in a report on Friday, May 8th.

WSP Global Price Performance

Shares of TSE:WSP opened at C$167.16 on Friday. WSP Global has a one year low of C$156.64 and a one year high of C$291.46. The stock has a fifty day moving average of C$179.16 and a 200-day moving average of C$213.32. The company has a market capitalization of C$22.54 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.09 and a beta of 0.20. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19.

WSP Global (TSE:WSP) last issued its earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. The business had revenue of C$4.55 billion for the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%. As a group, equities analysts anticipate that WSP Global will post 9.5687404 EPS for the current fiscal year.

WSP Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, June 30th. WSP Global’s dividend payout ratio is 20.46%.

Insider Buying and Selling

In other news, Director Pascale Sourisse acquired 364 shares of the stock in a transaction on Wednesday, June 24th. The shares were purchased at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the transaction, the director owned 888 shares in the company, valued at approximately C$152,753.76. This trade represents a 69.47% increase in their position. Corporate insiders own 0.06% of the company’s stock.

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).