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

WSP Global Inc. (TSE:WSP - Get Free Report) has received a consensus rating of "Buy" from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$284.31.

Several brokerages have commented on WSP. CIBC boosted their target price on WSP Global from C$295.00 to C$296.00 in a research note on Thursday, April 17th. Canaccord Genuity Group upped their price objective on shares of WSP Global from C$300.00 to C$305.00 in a research report on Friday, June 13th. Stifel Nicolaus dropped their price objective on shares of WSP Global from C$310.00 to C$300.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, TD Securities boosted 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 research note on Monday, May 12th.

Insider Transactions at WSP Global

In related news, Senior Officer Mark Naysmith sold 6,715 shares of the business's stock in a transaction 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. 0.06% of the stock is currently owned by insiders.

WSP Global Stock Down 0.7%

Shares of TSE WSP opened at C$281.61 on Monday. The stock has a market capitalization of C$36.33 billion, a P/E ratio of 53.81, a PEG ratio of 1.09 and a beta of 0.82. The stock's fifty day moving average is C$273.19 and its 200 day moving average is C$256.54. WSP Global has a 52 week low of C$208.35 and a 52 week high of C$285.15. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be issued a $0.375 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.50 annualized dividend and a yield of 0.53%. WSP Global's payout ratio is 28.66%.

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).

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