WSP Global Inc. (TSE:WSP) Receives C$283.92 Consensus Target Price from Brokerages

Shares of WSP Global Inc. (TSE:WSP - Get Free Report) have received an average recommendation of "Buy" from the eleven brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$283.92.

A number of research firms have recently commented on WSP. UBS Group boosted their price target on shares of WSP Global from C$274.00 to C$285.00 in a research report on Wednesday, March 5th. CIBC upped their price objective on WSP Global from C$295.00 to C$296.00 in a report on Thursday, April 17th. Stifel Nicolaus dropped their target price on WSP Global from C$310.00 to C$300.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Raymond James increased their price target on shares of WSP Global from C$270.00 to C$310.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group lowered their price objective on shares of WSP Global from C$305.00 to C$300.00 in a report on Thursday, April 10th.

WSP Global Stock Performance

Shares of WSP Global stock traded down C$0.03 during trading hours on Friday, hitting C$281.66. 168,737 shares of the company's stock traded hands, compared to its average volume of 245,005. The stock has a market capitalization of C$36.34 billion, a price-to-earnings ratio of 53.82, a PEG ratio of 1.09 and a beta of 0.82. WSP Global has a 12-month low of C$201.24 and a 12-month high of C$284.15. 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 company has a fifty day simple moving average of C$252.51 and a 200-day simple moving average of C$250.36.

WSP Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Monday, March 31st. WSP Global's dividend payout ratio is 28.66%.

Insider Buying and Selling

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 transaction of C$1,889,184.67. Also, Director Macky Tall acquired 2,056 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of C$243.94 per share, with a total value of C$501,540.64. 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).