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

WSP Global Inc. (TSE:WSP) 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.

Analyst Ratings Changes

A number of brokerages recently weighed in on WSP. Royal Bank of Canada lifted their price objective on shares of WSP Global from C$252.00 to C$261.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Canaccord Genuity Group lifted their target price on WSP Global from C$235.00 to C$255.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. National Bankshares set a C$255.00 price target on WSP Global and gave the company an “outperform” rating in a research report on Monday, August 19th. Desjardins raised their target price on shares of WSP Global from C$249.00 to C$257.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Finally, TD Securities raised their price objective on shares of WSP Global from C$273.00 to C$279.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$254.50.

WSP Global Stock Down 0.6 %

The business’s fifty day moving average price is C$222.82 and its 200 day moving average price is C$217.39. The firm has a market capitalization of C$28.82 billion, a price-to-earnings ratio of 48.82, a PEG ratio of 1.09 and a beta of 0.81. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81.

WSP Global (TSE:WSP) last announced its earnings results on Tuesday, July 30th. The company reported C$1.89 earnings per share for the quarter, missing the consensus estimate of C$1.90 by C($0.01). The business had revenue of C$2.99 billion for the quarter, compared to analyst estimates of C$2.93 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. On average, equities analysts expect that WSP Global Inc. will post 9.3735137 EPS for the current year.

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Friday, September 27th. WSP Global’s dividend payout ratio (DPR) is presently 31.38%.

WSP Global Company Profile

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.