WSP Global (TSE:WSP) Price Target Raised to C$317.00 at CIBC

WSP Global (TSE:WSP - Free Report) had its target price boosted by CIBC from C$305.00 to C$317.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Several other equities analysts also recently commented on the stock. TD Securities increased their target price on shares of WSP Global from C$298.00 to C$307.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Stifel Nicolaus upped their price target on shares of WSP Global from C$305.00 to C$317.00 in a report on Wednesday, July 16th. Finally, Canaccord Genuity Group upped their price target on shares of WSP Global from C$300.00 to C$305.00 in a report on Friday, June 13th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$288.62.

WSP Global Price Performance

Shares of TSE:WSP traded down C$2.11 on Friday, reaching C$282.24. 53,689 shares of the company traded hands, compared to its average volume of 242,634. WSP Global has a fifty-two week low of C$208.35 and a fifty-two week high of C$289.94. The company's 50 day moving average is C$276.58 and its 200-day moving average is C$257.87. The stock has a market capitalization of C$36.41 billion, a PE ratio of 53.93, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04.

WSP Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, June 30th. WSP Global's dividend payout ratio is presently 28.66%.

Insider Buying and Selling at WSP Global

In other news, Senior Officer Mark Naysmith sold 6,715 shares of WSP Global stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$281.34, for a total value of C$1,889,184.67. 0.06% of the stock is owned by insiders.

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).