Brokerages Set WSP Global Inc. (TSE:WSP) Target Price at C$284.85

WSP Global Inc. (TSE:WSP) has earned an average recommendation of “Buy” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$284.85.

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of WSP Global from C$284.00 to C$294.00 in a report on Thursday, February 27th. TD Securities upped their price objective on shares of WSP Global from C$300.00 to C$305.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Stifel Nicolaus upped their price objective on shares of WSP Global from C$295.00 to C$310.00 in a report on Tuesday, February 18th. Scotiabank upped their price objective on shares of WSP Global from C$281.00 to C$283.00 in a report on Wednesday, February 19th. Finally, Raymond James upped their price objective on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th.

WSP Global Trading Up 0.7 %

Shares of TSE:WSP opened at C$249.43 on Tuesday. The stock has a market capitalization of C$32.18 billion, a PE ratio of 47.66, a P/E/G ratio of 1.09 and a beta of 0.82. WSP Global has a 1 year low of C$201.24 and a 1 year high of C$264.87. The firm has a fifty day moving average price of C$249.98 and a 200 day moving average price of C$245.54. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45.

WSP Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Monday, March 31st. WSP Global’s dividend payout ratio is currently 28.66%.

Insider Activity

In other WSP Global news, Director Macky Tall purchased 2,056 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of C$243.94 per share, with a total value of C$501,540.64. 0.06% of the stock is owned by company insiders.

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).