WSP Global Inc. (TSE:WSP) Receives Average Rating of "Buy" from Analysts

Shares of WSP Global Inc. (TSE:WSP - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$284.31.

Several analysts recently commented on WSP shares. CIBC lifted their target price on shares of WSP Global from C$295.00 to C$296.00 in a report on Thursday, April 17th. BMO Capital Markets lifted their target price on shares of WSP Global from C$284.00 to C$294.00 in a report on Thursday, February 27th. UBS Group boosted their price objective on WSP Global from C$274.00 to C$285.00 in a report on Wednesday, March 5th. Stifel Nicolaus reduced their price objective on WSP Global from C$310.00 to C$300.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, TD Securities boosted their price objective on WSP Global from C$298.00 to C$307.00 and gave the stock a "buy" rating in a report on Monday, May 12th.

WSP Global Stock Performance

WSP Global stock traded down C$0.67 during midday trading on Thursday, reaching C$270.69. 588,709 shares of the company's stock were exchanged, compared to its average volume of 253,804. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26. WSP Global has a 52 week low of C$205.37 and a 52 week high of C$284.15. The stock's 50-day simple moving average is C$264.04 and its 200 day simple moving average is C$253.85. The firm has a market cap of C$34.92 billion, a price-to-earnings ratio of 51.73, 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, April 15th. Investors of record on Tuesday, April 15th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Monday, March 31st. WSP Global's dividend payout ratio is currently 28.66%.

Insider Buying and Selling

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