WSP Global Inc. (TSE:WSP) Given Consensus Rating of "Buy" by Brokerages

Key Points

• WSP Global Inc. has received a consensus recommendation of "Buy" from twelve research firms, with an average 1-year price target of C$304.69.
• Several analysts raised their price targets for WSP Global, with Canaccord Genuity Group increasing their target to C$335.00, reflecting positive sentiment towards the stock.
• WSP Global recently issued a quarterly dividend of $0.375 per share, representing an annualized yield of 0.5% and a payout ratio of 28.66%.

WSP Global Inc. (TSE:WSP - Get Free Report) has earned an average rating of "Buy" from the twelve ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$304.69.

Several equities analysts have commented on WSP shares. BMO Capital Markets increased their price objective on shares of WSP Global from C$312.00 to C$324.00 in a research report on Thursday, August 7th. National Bankshares increased their target price on shares of WSP Global from C$292.00 to C$297.00 in a research note on Friday. ATB Capital increased their target price on shares of WSP Global from C$270.00 to C$305.00 and gave the company a "sector perform" rating in a research note on Friday. Canaccord Genuity Group increased their target price on shares of WSP Global from C$305.00 to C$335.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their target price on shares of WSP Global from C$289.00 to C$293.00 and gave the company an "outperform" rating in a research note on Friday.

Insider Buying and Selling

In related news, Senior Officer Mark Naysmith sold 6,715 shares of the firm's 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 corporate insiders.

WSP Global Price Performance

WSP stock traded up C$0.31 during trading on Friday, hitting C$280.76. 34,086 shares of the company's stock traded hands, compared to its average volume of 236,030. WSP Global has a 52 week low of C$209.00 and a 52 week high of C$289.94. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26. The business has a fifty day simple moving average of C$279.08 and a 200 day simple moving average of C$261.63. The stock has a market capitalization of C$36.22 billion, a price-to-earnings ratio of 53.65, a P/E/G ratio of 1.09 and a beta of 0.82.

WSP Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 30th. WSP Global's dividend payout ratio (DPR) is currently 28.66%.

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).