WSP Global Inc. (TSE:WSP) Given Average Recommendation of “Buy” by Analysts

WSP Global Inc. (TSE:WSP) has been assigned a consensus rating of “Buy” from the twelve brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$237.08.

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets increased their target price on shares of WSP Global from C$246.00 to C$248.00 in a research note on Friday, May 10th. Stifel Nicolaus decreased their target price on shares of WSP Global from C$245.00 to C$235.00 in a research note on Friday, May 10th. Royal Bank of Canada increased their target price on shares of WSP Global from C$237.00 to C$245.00 in a research note on Friday, May 10th. Finally, Scotiabank increased their target price on shares of WSP Global from C$239.00 to C$241.00 in a research note on Friday, May 10th.

Insider Activity

In other 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 shares were sold at an average price of C$206.30, for a total transaction of C$595,099,169.00. Insiders own 0.07% of the company’s stock.

WSP Global Stock Performance

Shares of WSP stock opened at C$216.90 on Thursday. The stock’s 50-day moving average is C$210.77 and its two-hundred day moving average is C$207.94. The firm has a market cap of C$27.05 billion, a price-to-earnings ratio of 48.09, a PEG ratio of 1.09 and a beta of 0.82. WSP Global has a 1 year low of C$169.50 and a 1 year high of C$230.98. The company has a debt-to-equity ratio of 70.90, a quick ratio of 1.04 and a current ratio of 1.20.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, May 8th. The company reported C$1.55 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of C$2.76 billion. Analysts predict that WSP Global will post 8.0954598 earnings per share for the current year.

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.375 per share. The ex-dividend date is Friday, June 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.69%. WSP Global’s payout ratio is 33.26%.

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.