Royal Bank Of Canada Boosts WSP Global (TSE:WSP) Price Target to C$293.00

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 raised by Royal Bank Of Canada from C$289.00 to C$293.00 in a report published on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

WSP has been the topic of a number of other reports. BMO Capital Markets lifted their price target on shares of WSP Global from C$312.00 to C$324.00 in a report on Thursday, August 7th. TD Securities lifted their price target on shares of WSP Global from C$298.00 to C$307.00 and gave the company a "buy" rating in a report on Monday, May 12th. National Bankshares lifted their price target on shares of WSP Global from C$292.00 to C$297.00 in a report on Friday. ATB Capital lifted their price target on shares of WSP Global from C$270.00 to C$305.00 and gave the company a "sector perform" rating in a report on Friday. Finally, CIBC lifted their price target on shares of WSP Global from C$305.00 to C$317.00 in a report on Friday, July 18th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$304.69.

WSP Global Price Performance

TSE WSP traded down C$0.29 on Friday, reaching C$280.16. The company had a trading volume of 13,139 shares, compared to its average volume of 235,900. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45. The stock has a market capitalization of C$36.15 billion, a PE ratio of 53.54, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The firm's 50 day moving average price is C$279.08 and its 200 day moving average price is C$261.63. WSP Global has a 12 month low of C$209.00 and a 12 month high of C$289.94.

WSP Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.5%. WSP Global's payout ratio is currently 28.66%.

Insider Activity at WSP Global

In related news, Senior Officer Mark Naysmith sold 6,715 shares of WSP Global 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. Corporate 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).