WSP Global (TSE:WSP) Given New C$293.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has raised its price target for WSP Global from C$289.00 to C$293.00, indicating a potential upside of 4.11% from its previous close.
• Other analysts have also increased their price targets, with a consensus rating of "Buy" and an average price target of C$304.69.
• WSP Global's stock has seen a recent upward trend, trading up C$6.95 to reach C$281.42 on the day of the report.

WSP Global (TSE:WSP - Free Report) had its price target increased by Royal Bank Of Canada from C$289.00 to C$293.00 in a research report sent to investors on Friday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other analysts have also weighed in on WSP. Stifel Nicolaus raised their target price on WSP Global from C$305.00 to C$317.00 in a research note on Wednesday, July 16th. BMO Capital Markets lifted their price objective on WSP Global from C$312.00 to C$324.00 in a research report on Thursday, August 7th. Canaccord Genuity Group lifted their price objective on WSP Global from C$305.00 to C$335.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. CIBC lifted their price objective on WSP Global from C$305.00 to C$317.00 in a research report on Friday, July 18th. Finally, ATB Capital lifted their price objective on WSP Global from C$270.00 to C$305.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, WSP Global currently has a consensus rating of "Buy" and a consensus target price of C$304.69.

WSP Global Price Performance

Shares of TSE:WSP traded down C$0.45 during midday trading on Friday, reaching C$282.53. The company's stock had a trading volume of 24,499 shares, compared to its average volume of 235,909. WSP Global has a fifty-two week low of C$216.37 and a fifty-two week high of C$289.94. The company has a market capitalization of C$36.45 billion, a P/E ratio of 53.99, a P/E/G ratio of 1.09 and a beta of 0.82. 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 business's fifty day simple moving average is C$279.25 and its 200-day simple moving average is C$261.78.

WSP Global Announces Dividend

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

Insider Transactions at WSP Global

In other WSP Global news, Senior Officer Mark Naysmith sold 6,715 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$281.34, for a total transaction of C$1,889,184.67. Company insiders own 0.06% of the company's stock.

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).