WSP Global Inc. (TSE:WSP) Given Average Recommendation of "Buy" by Brokerages

Shares of WSP Global Inc. (TSE:WSP - Get Free Report) have received a consensus rating of "Buy" from the nine brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$304.69.

WSP has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on WSP Global from C$305.00 to C$317.00 in a research note on Wednesday, July 16th. Royal Bank Of Canada raised their target price on WSP Global from C$289.00 to C$293.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. ATB Capital lifted their price objective on WSP Global from C$270.00 to C$305.00 and gave the company a "sector perform" rating in a research note on Friday, August 8th. National Bankshares lifted their price objective on WSP Global from C$292.00 to C$297.00 in a research note on Friday, August 8th. Finally, CIBC lifted their price objective on WSP Global from C$305.00 to C$317.00 in a research note on Friday, July 18th.

WSP Global Price Performance

Shares of TSE:WSP traded up C$2.98 during midday trading on Tuesday, hitting C$280.13. The company had a trading volume of 194,005 shares, compared to its average volume of 233,628. WSP Global has a twelve month low of C$217.42 and a twelve month high of C$289.94. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. The stock has a market cap of C$36.57 billion, a price-to-earnings ratio of 45.70, a price-to-earnings-growth ratio of 1.09 and a beta of 0.67. The business's 50-day simple moving average is C$281.57 and its 200-day simple moving average is C$264.97.

WSP Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were issued a $0.375 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.50 dividend on an annualized basis and a yield of 0.5%. WSP Global's dividend payout ratio (DPR) is 24.47%.

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).