WSP Global Inc. (TSE:WSP) Receives Consensus Recommendation of "Buy" from Brokerages

WSP Global Inc. (TSE:WSP - Get Free Report) has been given a consensus rating of "Buy" by the eleven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$284.31.

A number of equities research analysts recently weighed in on the stock. TD Securities upped 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 report on Monday, May 12th. Canaccord Genuity Group increased their price objective on shares of WSP Global from C$300.00 to C$305.00 in a research note on Friday, June 13th. Scotiabank increased their price objective on shares of WSP Global from C$281.00 to C$283.00 in a research note on Wednesday, February 19th. CIBC increased their price objective on shares of WSP Global from C$295.00 to C$296.00 in a research note on Thursday, April 17th. Finally, BMO Capital Markets increased their price objective on shares of WSP Global from C$284.00 to C$294.00 in a research note on Thursday, February 27th.

WSP Global Stock Up 0.2%

Shares of WSP traded up C$0.51 on Thursday, reaching C$271.36. The company's stock had a trading volume of 57,638 shares, compared to its average volume of 250,966. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. WSP Global has a twelve month low of C$204.28 and a twelve month high of C$284.15. The stock has a market capitalization of C$35.01 billion, a PE ratio of 51.86, a PEG ratio of 1.09 and a beta of 0.82. The firm has a fifty day moving average of C$262.63 and a 200-day moving average of C$253.54.

WSP Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend 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 Activity

In related news, Senior Officer Mark Naysmith sold 6,715 shares of the firm's stock in a transaction that occurred on 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. Insiders own 0.06% of the company's stock.

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).